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1. What dollar value has the Chinese Academy of Environmental Planning placed on environmental degradation? 2. If this externality of environmental degradation was included in

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1. What dollar value has the Chinese Academy of Environmental Planning placed on environmental degradation? 2. If this externality of environmental degradation was included in the cost of industrial production in China, what would happen in those markets to Supply, Price, and Quantity (see the "external costs and market failure" Easeonomics link and graph in Chapter 12)

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