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Whenever external costs exist, a private firm Multiple choice question. will allocate its resources and operate in such a way as to avoid external costs.

Whenever external costs exist, a private firm Multiple choice question. will allocate its resources and operate in such a way as to avoid external costs. will allocate its resources and operate its plant in such a way as to maximize social welfare. will not allocate its resources and operate its plant in such a way as to maximize social welfare. will not allocate its resources and operate its plant in such a way as to maximize private welfare

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