Please answer the following questions with enough detail. Q1:Describe the difference between Private Cost and Social Cost

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Please answer the following questions with enough detail.

Q1:Describe the difference between Private Cost and Social Cost

Q2:Describe the misallocation of resources when there is a negative externality and when there is a positive externality.

Posted Date: Jun 25, 2024 09:31 PM

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Please answer the following questions with enough detail. Q1:Describe the difference between Private Cost and Social Cost

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