What is the value to society of correcting the externality

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Reference no: EM131335286

1. Why do economists say that discrimination is inherently inefficient and therefore will not occur in general?

2. Use the following information to answer these four questions:

a. What are the external costs per unit of output?

b. What level of output will be produced?

c. What level of output should be produced to achieve economic efficiency?

d. What is the value to society of correcting the externality?

Reference no: EM131335286

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