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(A) If nothing is done to bend the cost curve what is the percentage of GDP estimated to be in 2030 and how will that impact us as a society?
Additional comments: (1) how would you generate the estimated increase?
(2) How would you figure out how this would impact society?
(3)And it what ways would it impact society, positively or negatively? And how?
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
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