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Question 13 (1 point) When externalities are present in a market, what is the result? Market participants lose some market benefits to bystanders. Both equity

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Question 13 (1 point) When externalities are present in a market, what is the result? Market participants lose some market benefits to bystanders. Both equity and efficiency are maximized. The market fails to allocate resources efficiently. The established equilibrium maximizes the total benefit to society as a whole. Next Page Page 14 of 22

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