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Panel (b) Panel (c) Supply Supply Social valor Refer to Figure 10-9, Panel (b) and Panel (c). The overuse of antibiotics lead
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Answer #1

Q3 to point Q2

Explanation: In case of negative externalities, the social cost is higher than private cost. This is shown in panel B.T a government policy designed at internalising the external cost would reduce optimal quantity from Q3 to Q2.

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