When production of a good generates external costs, the a. supply curve for the good will...
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When production of a good generates external costs, the a. supply curve for the good will overstate the true social cost of producing the good. b. demand curve for the good will understate the true social benefits from consumption of the good. C. supply curve for the good will understate the true social cost of producing the good. d. demand curve for the good will overstate the true social benefits from consumption of the good. When production of a good generates external costs, the a. supply curve for the good will overstate the true social cost of producing the good. b. demand curve for the good will understate the true social benefits from consumption of the good. C. supply curve for the good will understate the true social cost of producing the good. d. demand curve for the good will overstate the true social benefits from consumption of the good.
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