If a solution has 
= 1.0 × 
M,the 
is also 1.0 × 
M.
Definitions:
Output
The total amount of goods or services produced by a firm or country.
Marginal External Cost
The cost of producing one additional unit of a good or service that is borne by someone other than the producer or consumer, such as environmental pollution.
Marginal Social Cost
The total cost to society of producing one additional unit of a good, including both private costs and externalities.
Equilibrium Price
The price at which the quantity of a product offered for sale equals the quantity of that product in demand.
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