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

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

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Macroeconomics Private And Public Choice

ISBN: 9781111970628

14th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 24, 2024 10:00 AM

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

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Macroeconomics Private And Public Choice

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