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During 2009-2012, the U.S. federal government shut off the water supply to a huge section of farmland in the California Central Valley. The result was
During 2009-2012, the U.S. federal government shut off the water supply to a huge section of farmland in the California Central Valley. The result was that tens of thousands of acres of good farmland have turned into desert land and many farmers went bankrupt. This is a good example of a positive externaility. True or False
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