Consider the production of some industrial good that involves air pollution. The table below gives the marginal social cost (MSC) , the marginal cost (MC) , and the marginal social benefit (MSB) for each level of output (Q) . 
To arrive at the efficient market equilibrium the government could impose a tax of
Definitions:
Total Product Curve
A graphical representation showing how the total quantity of output produced by a firm varies with the quantity of a variable input, keeping all other inputs constant.
Average Product
The output per unit of input, such as the quantity of goods produced per unit of labor.
Diminishing Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase and may decrease.
Labor Input
The amount of work contributed by employees, measured in hours or effort, used in the production of goods and services.
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