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    Microeconomics Study Set 3
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    Exam 18: Externalities, Open-Access, and Public Goods
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    You Are Having a Party and One of Your Guests
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You Are Having a Party and One of Your Guests

Question 31

Question 31

Essay

You are having a party and one of your guests lights up a cigar without asking.Explain why this creates an externality.

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Smoking in an enclosed room forces other...

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