(Figure: Nail Polish Externalities) Based on the figure, Sp (MPC) represents the private supply curve of a particular type of nail polish, the manufacture of which is associated with the release of toxic chemicals into the atmosphere. Ss (MSC) includes the cost of that toxicity borne by others. What is the socially optimal quantity of this nail polish?
Definitions:
Lightning
A high-speed Apple interface for connecting peripheral devices to computers, iPhones, and iPads.
Input Voltage
The voltage level or range that can be safely applied to a device or system for it to operate correctly.
Multimeter
A tool used to test voltage, current, resistance, and continuity.
Wireless Standards
Specifications established to ensure compatibility and interoperability among wireless communication devices.
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