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(06.03 MC) A good with a very high social benefit is completely non-excludable. To achieve social efficiency, the government will allow the free market to
(06.03 MC) A good with a very high social benefit is completely non-excludable. To achieve social efficiency, the government will allow the free market to clear at the natural equilibrium impose a per-unit production tax either directly provide or regulate the quantity of the good make the good artificially scarce to allow supplier profits impose a per-unit consumption tax
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