3. If the production of a particular good causes a negative externality, would the equilibrium quantity in

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3. If the production of a particular good causes a negative externality, would the equilibrium quantity in a competitive market be less than the efficient quantity or would it be greater than the efficient quantity?

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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Question Posted: Nov 16, 2024 09:00 AM

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3. If the production of a particular good causes a negative externality, would the equilibrium quantity in

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Macroeconomics

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