A principal cause of market failure is actions generating side effects that are not properly taken into account by the market.
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Q161: The economically efficient level of an externality
Q163: Externalities exist when individuals impose costs or
Q165: Use the following to answer question:
Q167: Use the following to answer questions:
Figure: Model
Q168: What is meant by a negative externality?
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Q171: What is meant by a positive externality?
Q174: If externalities are fully internalized,an outcome is
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