MD = 4 + 10Q. The marginal benefit (MB) of the runoff is given by the equation MB = 68 - 6Q.
(a) Calculate the efficient quantity of runoff.
(b) What is the efficient fee, in dollars per unit of waste, which would cause the firm to dump only an efficient quantity of waste?
(c) What would be the quantity dumped if the firm did not care about the fishery?
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