Production of the good, Continue assuming that Supply is

Production of the good

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Continue assuming that Supply is given by the equation P = 2Q and Demand is given by P = 6-Q.

If marginal external costs are given by P=3, and policymakers set a Pigouvian tax of $3 on the production of the good, how much total tax revenue is raised?

Reference no: EM13914137

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