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Price Supply = Sum of MC MC d = MR = MB Demand = Price Supply = Sum of MC MC d = MR = MB Demand = MB Quantity Competitive Market quantity Competitive firm in Market

Price Supply =MC MC MEC d = MR = MB Demand = MB Quantity Price Supply =MC MC MEC d = MR = MB Demand = MB Quantity Competitive Market quantity Competitive firm in Market

Price Supply =MC MC MEC d = MR = MB Demand = MB Quantity Price Supply =MC MC MEC d = MR = MB Demand = MB Quantity Competitive Market quantity Competitive firm in Market

Price Supply =MC MC MEC d = MR = MB Demand = MB Quantity Price Supply =MC MC MEC d = MR = MB Demand = MB Quantity Competitive Market quantity Competitive firm in Market

Price Supply = MC d = MR = MB Demand = MB Quantity Competitive Price Supply = MC d = MR = MB Demand = MB Quantity Competitive Market quantity Competitive firm in Market

Price Supply = MC d = MR = MB Demand = MB Quantity Competitive Price Supply = MC d = MR = MB Demand = MB Quantity Competitive Market quantity Competitive firm in Market

Price Supply = MC d = MR = MB Demand = MB Quantity Competitive Price Supply = MC d = MR = MB Demand = MB Quantity Competitive Market quantity Competitive firm in Market

Price New supply = Supply =MC MSC(MC + Tax) MC Tax d = MR Price New supply = Supply =MC MSC(MC + Tax) MC Tax d = MR = MB Demand = MB Quantity of Dry cleaning quantity Competitive Market Competitive firm in Market

Price $4, 000 Competitive Market Supply = MC $4, 000 Demand = MB Quantity Price $4, 000 Competitive Market Supply = MC $4, 000 Demand = MB Quantity of Students Competitive firm in Market MC d = MR quantity of students

Price $4, 000 $3, 000 Competitive Market Supply = MC Supply $4, 000 after Price $4, 000 $3, 000 Competitive Market Supply = MC Supply $4, 000 after Subsidy $3, 000 Demand = MB Quantity of Students Competitive firm in Market MC MC - Subsidy d = MR quantity of students

Common Land Common Land

Common Land Common Land

Common Land Common Land

Supply of Permits $150 Marginal Benefit of emitting 150, 000 Tons of sulfur dioxide Supply of Permits $150 Marginal Benefit of emitting 150, 000 Tons of sulfur dioxide emissions per year Number of emission 280, 000 permits issued

Supply of Permits $250 $150 $50 MB emitting Tons of sulfur dioxide emissions per Supply of Permits $250 $150 $50 MB emitting Tons of sulfur dioxide emissions per year Number of emission 150, 000 280, 000 permits issued

Supply of Permits $220 $150 MB emitting Tons of sulfur dioxide emissions per year Supply of Permits $220 $150 MB emitting Tons of sulfur dioxide emissions per year Number of emission 100, 000 150, 000 280, 000 permits issued