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.4. If the production of a good yields a positive externality1 then the social benet curve lies the demand curve, and the socially optimal quantity

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.4. If the production of a good yields a positive externality1 then the social benet curve lies the demand curve, and the socially optimal quantity is the market equilibrium quantity. (a) above; greater (b) above; less ((1) below; greater ((1) below; less

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