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    Economics Study Set 10
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    Exam 30: Market Failure Externalities Public Goods and Asymmetric Information
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    Explain Why the Socially Optimal Output Is Not Always the Same
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Explain Why the Socially Optimal Output Is Not Always the Same

Question 163

Question 163

Essay

Explain why the socially optimal output is not always the same as the market output.

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It is only when there are no externaliti...

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