Multiple Choice
Three hundred paper mills compete in the paper market.The total cost of production (in dollars) for each mill is given by the formula ,where Qmill indicates the mills annual production in thousands of tons.The marginal external cost of a mill's production (in dollars) is given by the formula
Finally,annual market demand (in thousands of tons) is given by the formula
Find the function for the marginal social cost.
A)
B)
C)
D)
Correct Answer:

Verified
Correct Answer:
Verified
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