Production involving a positive externality is inefficient.
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Q59: Talking loudly in a library creates
A)a market
Q60: Pollution is a form of market failure
Q61: Because of the free rider problem
A)private solutions
Q62: Q63: In the presence of a negative externality Q65: If a firm is not forced to Q66: The marginal social cost (MSC) curve Q67: A typical market supply curve Q68: If production creates a negative externality,social welfare Q69: According to the Coase theorem,
A)the
A) lies
A)is identical to
A)government intervention is
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