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Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279 Exercise 9
What are external costs? When are they most likely to be present? When external costs are present, what is likely to be the relationship between the market output of a good and the output consistent with ideal economic efficiency?
Explanation
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Concept of external cost: Normally a con...
Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
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