7. What divergences arise between equilibrium output and efficient output when (a) negative externalities and (b) positive

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7. What divergences arise between equilibrium output and efficient output when

(a) negative externalities and

(b) positive externalities are present? How might government correct these divergences? Cite an example (other than the text examples)

of an external cost and an external benefit. LO4

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Economics Principles Problems And Policies

ISBN: 9780073511443

19th Edition

Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn

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Question Posted: Sep 28, 2024 02:00 AM

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7. What divergences arise between equilibrium output and efficient output when (a) negative externalities and (b) positive

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Economics Principles Problems And Policies

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