The EPA determined the presence of a public health and ecological damage externality cost in dollars of MEC=0.020 associated with Qunits of nitrogen oxides output of a chemical process per month.There...

Extracted text: The EPA determined the presence of a public health and ecological damage externality cost in dollars of MEC=0.020 associated with Qunits of nitrogen oxides output of a chemical process per month.There was no evidence of external benefit. The marginal social benefit was estimated as MSB=50-0.4Q and the marginal social cost as MSC=2+ 0.40 What is the competitive solution? What is the socially conscious solution? If you start with the competitive solution (Q=?) and you want to assess a Pigouvian tax equal to the externality, how much would that tax be?