Fred enjoys smoking cigars, but cigar smoke makes his wife, Wilma, feel ill. Use a graph to show that Fred's consumption of cigars will be inefficient if he ignores the costs imposed on Wilma.

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The Answer of Fred enjoys smoking cigars, but cigar smoke makes his wife, Wilma, feel ill. Use a graph to show that Fred's consumption of cigars will be inefficient if he ignores the costs imposed on Wilma.

Fred Enjoys Smoking Cigars, but Cigar Smoke Makes His Wife