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The marginal cost of educating a college student online is $ 3,000 a year

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The marginal cost of educating a college student online is $ 3,000 a year. The marginal external benefit from a college education is 50 percent of the marginal private benefit.

If the government subsidized colleges and sets the subsidy so that the efficient number of students enroll. many million students would enroll and what would the subsidy per student be?