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Complete the following microecnomics question below if a good has an external cost the unregulated competitive market outcome is efficient marginal private cost reflects the

Complete the following microecnomics question below

if a good has an external cost the

unregulated competitive market outcome is efficient

marginal private cost reflects the external cost

marginal social benefit is equal to the marginal social cost when the market is in equilibrium

external benefit must equal the external cost

unregulated competitive market outcome is inefficient

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