1 Explain in your own words what is meant by external costs and external benefits. Why may...

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1 Explain in your own words what is meant by external costs and external benefits.

Why may market allocations be less than ideal when externalities are present?

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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Question Posted: Oct 25, 2024 10:05 AM

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1 Explain in your own words what is meant by external costs and external benefits. Why may market allocations be less than ideal when externalities are present?
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1 Explain in your own words what is meant by external costs and external benefits. Why may...

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Essentials Of Economics

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