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Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279 Exercise 4
Explain in your own words what is meant by external costs and external benefits. Why may market outcomes be less than ideal when externalities are present?
Explanation
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When activity of an economic unit create...
Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
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