The market for plasticans is perfectly competitive. Market Supply is given by Q=6P and Market Demand is given by Q=452-2P. Each extra unit of plastican produced imposes a negative externality of $10. What is the total cost of the externality at the market equilibrium? Enter a number only, no $ sign. Do NOT include a negative sign.

The market for plasticans is perfectly competitive. Market Supply is given by Q=6P and Market Demand is given by Q=452-2P. Each extra unit of plastican produced imposes a negative externality of $10. What is the total cost of the externality at the market equilibrium? Enter a number only, no $ sign. Do NOT include a negative sign.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section10.1: Externalities And Market Inefficiency

Problem 1QQ

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