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    Economics Principles and Policy Study Set 2
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    Exam 16: The Economics of the Environment, and Natural Resources
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    Detrimental Externalities Like Pollution Are a Shortcoming of the Market
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Detrimental Externalities Like Pollution Are a Shortcoming of the Market

Question 59

Question 59

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Detrimental externalities like pollution are a shortcoming of the market mechanism.Do they occur in free market economies alone? Explain with examples.

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Even though the detrimental externalitie...

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