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    Microeconomics Study Set 3
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    Exam 18: Externalities, Open-Access, and Public Goods
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    In Terms of Cost-Benefit Analysis,explain Why a Competitive Market with an Externality
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In Terms of Cost-Benefit Analysis,explain Why a Competitive Market with an Externality

Question 25

Question 25

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In terms of cost-benefit analysis,explain why a competitive market with an externality produces too much pollution.

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At the socially optimal level of product...

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