If firms were required to pay the full social costs of the production of goods, including both

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If firms were required to pay the full social costs of the production of goods, including both private and external costs, other things being equal, there would probably be a(n)

a. increase in production.

b. decrease in production.

c. greater misallocation of resources.

d. decrease in the market price of the product.

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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