1.5 According to the digital media company Captivate Network, employees viewing the 2012 Olympics instead of working...
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1.5 According to the digital media company Captivate Network, employees viewing the 2012 Olympics instead of working caused a $1.38 billion loss in productivity for U.S. companies. Is this productivity loss an example of a negative externality?
Explain.
2. The Inefficiency of Competition with externalities
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