Pollution is an externality because polluting firms create deadweight losses.
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Q49: Which of the following is not a
Q50: Which of the following is true?
A) The
Q51: Instability and an inability of the economy
Q52: Private efficiency occurs when marginal revenue exceeds
Q53: If everyone is achieving allocative efficiency, then
Q55: In the absence of externalities, a monopoly
Q56: The social benefit of a decision is
Q57: Public goods are non- rival in consumption
Q58: Health care is a pure public good.
Q59: A free- rider is someone who cannot
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