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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 21
What are the private costs and benefits associated with smoking cigarettes? What are the external costs? If smokers paid the social cost of cigarettes, what would happen to demand?
Explanation
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Private cost:
Private cost refers to th...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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