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    Principles of Economics Study Set 12
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    Exam 15: Public Goods, Externalities, and Government Behavior
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    Explain Why, in the Case of Negative Externalities, a Competitive
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Explain Why, in the Case of Negative Externalities, a Competitive

Question 182

Question 182

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Explain why, in the case of negative externalities, a competitive market produces a greater-than-economically-efficient quantity.

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When the market fails to account for mar...

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