When you drive your car, the fuel is burned and exhaust created. The exhaust is expelled from

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When you drive your car, the fuel is burned and exhaust created. The exhaust is expelled from the engine and into the air. The cost of the emission is not paid by you—it is instead paid for by innocent bystanders.

This situation is referred to as a .

If the problem is solved, we say that the cost has been

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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