Discuss actions the government could take to induce firms in this industry to produce the socially efficient level of output.

You are an industry analyst that specializes in an industry where the market inverse demand is P = 100 – 5Q. The external marginal cost of producing the product is MCE = 10Q, and the private cost is MCP = 20Q.What is the socially efficient level of output?Given these costs and market demand, how much output would a competitive industry produce? Given these costs and market demand, how much output would a monopolist produce?

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Can Sally recover from Bill for the loss of her cabbage crop?

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An US based company relocated its aging mercury thermometer factory from US to a verdant hill station in the southern Tamil Nadu.

An US based company relocated its aging mercury thermometer factory from US to a verdant hill station in the southern Tamil Nadu. Mercury is a toxic metal, which when converted….