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1. Which one of the following four statements is correct? (2 mark, no explanation required) a. In general, an externality can be either negative or
1. Which one of the following four statements is correct? (2 mark, no explanation required) a. In general, an externality can be either negative or positive. b. In general, an externality is never positive. c. On average, an externality is negative. d. On average, an externality can be both negative and positive
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