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When the social value and the private value are equal to one another but social cost is higher than the private cost, the private market

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When the social value and the private value are equal to one another but social cost is higher than the private cost, the private market ____________ compared to the social ____________ O overproduces, optimum 0 None of the other alternatives are correct 0 overproduces, equilibrium 0 underproduces, optimum

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