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Which of these actions has an external cost? A person receives a doctoral degree and goes on to discover a cure for cancer. A grocery
Which of these actions has an external cost? A person receives a doctoral degree and goes on to discover a cure for cancer. A grocery shopper chooses green onions over chives. A driver contributes to traffic congestion. A company purchases a machine for $1 million that increases its productivity.Markets work most efficiently when: there are many external costs and benefits. buyers and sellers have different information. there are many public goods. there are many buyers and sellers
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