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(Look at the graph provided below) Assume that there is an external cost involved in the market illustrated in the figure provided. Economists argue that
(Look at the graph provided below) Assume that there is an external cost involved in the market illustrated in the figure provided. Economists argue that in an unregulated private market, ________ is produced. In the figure, the supply curve (S1) reflects ________ cost. a. too little; private b. too much; private c. too much; external d. too little; the sum of external and private e. too much; the sum of external and private
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