Use the following to answer questions:
Figure: Correcting for Market Failure 
-(Figure: Correcting for Market Failure) There is an external cost in the market illustrated in the figure Correcting for Market Failure. When the government intervenes to correct for the external cost, the output will _____ from _____ to _____.
Definitions:
Joint Cost Allocations
The process of distributing shared costs among different products, services, or departments within an organization.
Production Department
A specific division within a company or organization focused on manufacturing products or overseeing the production process.
Net Realizable Value
The estimated selling price of goods, minus the cost of their sale or disposal, used in inventory valuation and accounts receivable.
Joint Costs
The costs incurred in the process of producing two or more products simultaneously up to the split-off point.
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