Multiple Choice
-A negative externality such as air pollution created as a by-product of a firm's production activities is best represented by which panel in Exhibit N-1 on the previous page (whereS and D depict the initial private market outcome) ?
A) Panel 1
B) Panel 2
C) Panel 3
D) Panel 4
E) Panel 5
Correct Answer:

Verified
Correct Answer:
Verified
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