What is the external cost per unit of production

Reference no: EM13235268

Private and Public Goods) Distinguish among private goods, natural monopolies, open-access goods, and public goods. Provide examples of each.

a. What is the external cost per unit of production?
b. What level is produced if there is no regulation of the externality?
c. What level should be produced to achieve economic efficiency?
d. Calculate the dollar value of the net gain to society from correcting the externality.

Reference no: EM13235268

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