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Table 10-1
The following table shows the private value, private cost, and external cost for various quantities of output in a market.
-Refer to Table 10-1. How large would a corrective tax need to be to move this market from the equilibrium outcome to the socially-optimal outcome?
Refrigerants
Fluids used in air conditioning and refrigeration systems to absorb and transport heat.
R-134a
A hydrofluorocarbon refrigerant used in air conditioning systems, known for its low impact on the ozone layer compared to previously used refrigerants.
Manifold Gauge Set
The shop station used to recycle, recharge, and diagnose A/C systems.
Hand Valves
Devices that control the flow of fluid through pipes or tubing, manually operated by a person.
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