A principal cause of market failure is actions generating side effects on nonmarket participants that are not properly taken into account by the market.
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Q155: Use the following to answer question:
Figure: Efficiency
Q156: Use the following to answer question:
Figure: The
Q157: Use the following to answer question:
Figure: The
Q158: Use the following to answer question:
Figure: Efficiency
Q159: Use the following to answer question:
Figure: Model
Q161: The economically efficient level of an externality
Q162: According to the Coase theorem,only when transaction
Q163: Externalities exist when individuals impose costs or
Q164: Markets for the right to pollute are:
A)established
Q165: Pigouvian taxes:
A)tax the profits of polluting firms.
B)are
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