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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Related Book For
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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