If the production of a good yields a negative externality, then the social cost curve lies the
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If the production of a good yields a negative externality, then the social cost curve lies the supply curve, and the socially optimal quantity is than the equilibrium quantity.
a above, greater b above, less c below, greater d below, less
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Related Book For
Principles Of Microeconomics [Australia And New Zealand Edition]
ISBN: 9781337408066
6th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw
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