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If a product creates a negative externality, then a.the free-market equilibrium quantity is the efficient quantity. b.the social cost of production is lower than the
If a product creates a negative externality, then
a.the free-market equilibrium quantity is the efficient quantity.
b.the social cost of production is lower than the marginal cost.
c.the free-market equilibrium quantity is greater than the efficient quantity.
d.the marginal benefit of an additional unit of production is increased.
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