Question
If the social costs of an economic activity are $200 and the private costs are $200, then the external costs of the activity are ____,
If the social costs of an economic activity are $200 and the private costs are $200, then the external costs of the activity are ____, and market failure _______.
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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