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

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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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Macroeconomics Private And Public Choice

ISBN: 9780123110718

3rd Edition

Authors: James D Gwartney

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Question Posted: Oct 25, 2024 04:02 AM

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

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Macroeconomics Private And Public Choice

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