Socially optimal outputs and price and the deadweight loss

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Use the axes below to graph the following:

Negative externalities, making sure you show the private and socially optimal outputs and price and the deadweight loss. Label everything.

The Pigouvian tax that would act to internalize the negative externality. Label this.

Briefly describe how a tax on polluting capital works. Include in your description an advantage of such a system and a disadvantage of the system.

Reference no: EM131112307

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