Consider an industry that produces an output Q with marginal private cost (MC) and marginal social cost (MSC) as given in the table: 
The marginal external cost associated with the production of unit 3 is
Definitions:
Sympathetic Nervous System
A part of the autonomic nervous system that prepares the body for "fight or flight" responses during stressful situations.
Efferent Nerve Fibres
Nerve fibers that carry impulses away from the central nervous system to effectors such as muscles or glands.
Central Nervous System
The part of the nervous system consisting of the brain and spinal cord, responsible for processing and transmitting information throughout the body.
Peripheral Nervous System
The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.
Q85: A museum is NOT a public good
Q112: In the above figure, if the market
Q114: What effect does an increase in the
Q114: The principle of minimum differentiation reflects the<br>A)
Q136: When production of a good results in
Q141: Use the idea of external costs to
Q216: Based on the data in the above
Q235: The above table shows the marginal benefits
Q347: A monopsony is<br>A) a market in which
Q349: When consumption is rival and excludable, the