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  3. Study Set
    Principles of Economics Study Set 12
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    Exam 15: Public Goods, Externalities, and Government Behavior
  5. Question
    Competitive Markets Generate an Efficient Level of Production When Externalities
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Competitive Markets Generate an Efficient Level of Production When Externalities

Question 15

Question 15

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Competitive markets generate an efficient level of production when externalities exist.

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