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how would you determine if something like air quality is a good? Question 7 options: give an individual the choice of two levels of air
how would you determine if something like air quality is a good? Question 7 options: give an individual the choice of two levels of air quality, everything else the same. if they choose the higher level (better air quality), it's a good you can't; economists simply assume it is if something is bought and sold it's a good, so air quality isn't; it's an externality
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