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A firm produces a good that generates a negative externality. In a competitive market with no government intervention, the firm will produce a level of

A firm produces a good that generates a negative externality. In a competitive market with no government intervention, the firm will produce a level of output where: Group of answer choices Society's marginal cost > The firm's marginal cost The firm's marginal cost > Society's marginal cost Adverse selection mitigates the moral hazard problem. Society's marginal benefit = Society's marginal cost. Price < The firm's marginal cost

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