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f a firm's production creates detrimental externalities, then in a competitive market, a. the firm will produce until marginal benefits exceed marginal social cost. b.
f a firm's production creates detrimental externalities, then in a competitive market, a. the firm will produce until marginal benefits exceed marginal social cost. b. the firm will produce at an inefficiently high level. c. the firm will produce until marginal social cost equals marginal benefits. d. the firm will produce at an inefficiently low level
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