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Business, 24.03.2021 17:40 cookieasd9000

The public smoking of cigarettes generates costs to society from second hand smoke, therefore, cigarette PRODUCTION imposes costs on people who do not smoke. Moreover, private consumption of cigarettes can start apartment building and wild fires that also impose costs on non-smokers. Luckily, fire extinguishers can help prevent the spread of fires. Use this information to answer the following. Shift the relevant demand or supply curve to demonstrate that the market equilibrium over-produces cigarettes relative to the social optimum. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther.

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