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When the social cost of an externality is lower than its private cost: Group of answer choices the externality is a positive one and society
When the social cost of an externality is lower than its private cost:
Group of answer choices
the externality is a positive one and society will consume too much of the good
society is likely to benefit from a corrective tax
society will benefit from the introduction of tradeable permits for production of the good
the externality is a positive one and society will not consume enough of the good
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