Problem
a. Compare the Marginal Revenue Curve for a firm in the PC-market with the Marginal Revenue Curve for the monopolist.
b. Explain in your own words why a company that creates a negative externality will over produce compared to the output level that society wants. Use a graph and refer to the terms "marginal social benefit" "marginal social cost" "marginal private cost" "marginal private benefit."
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.