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The production of bleach causes pollution which causes a negative externality felt by consumers. Say that the industry is initially competitive, and we are considering
The production of bleach causes pollution which causes a negative externality felt by consumers. Say that the industry is initially competitive, and we are considering allowing it to turn into a monopoly. O a. This change would benefit consumer only if the marginal externality is sufficiently large. O b. None of the other answers is correct. O c. This change will benefit consumers. O d. This change will hurt consumer
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