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Please explain the concept of negative externality and answer the following questions. 1.In the Land of Purity, there is only one form of pollution, called
Please explain the concept of negative externality and answer the following questions.
1.In the Land of Purity, there is only one form of pollution, called "gunk." Table 12-18 shows possible combinations of economic output and reduction of gunk, depending on what kinds of environmental regulations are chosen.
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