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Suppose that the ABC industry produces a good that results in significant spillover costs to society. Such production suggests that O resources are underallocated to
Suppose that the ABC industry produces a good that results in significant spillover costs to society. Such production suggests that O resources are underallocated to the industry. O resources are overallocated to the industry. O the firms in this industry are not maximizing profts. O at the market price, quantity demanded is less than quantity supplied
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