z. The market will tend to underallocate resources to the production of goods with external benefits and
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z. The market will tend to underallocate resources to the production of goods with external benefits and overallocate resources to those products that generate external costs.
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Related Book For
Economics Private And Public Choice
ISBN: 9780123110404
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
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