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Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1133561644Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1133561644 Exercise 3
Explain in your own words what is meant by external costs and external benefits. Why may market outcomes be less than ideal when externalities are present?
Explanation
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When activity of an economic unit create...
Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
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