To determine the maximum value of total consumer well-being

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Reference no: EM13191370

Suppose that firms are NOT owned by consumers.

Let s denote the size of the per-unit subsidy/tax given to the firms. Let positive values of s denote subsidies, and negative values of s denote taxes.

What is the value of s that maximizes total consumer well-being?

Reference no: EM13191370

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