Figure 4:
Graph showing vertical axis labeled S and horizontal axis labeled e bar. Two curves labeled SC sub Q and SC sub P intersect at multiple points. Vertical dashed lines mark e sub 1, e sub 3, e sub 4, e sub 5, e sub 2, and e sub g. Horizontal lines indicate values R and c hat squared over 2.

Social cost, S, when R<ce−28⁠.

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