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Why is it difficult to measure the true extent of a negative externality? a. Firms often keep poor records of their cash outlays. b. Accounting

Why is it difficult to measure the true extent of a negative externality?

a. Firms often keep poor records of their cash outlays.

b. Accounting rules are highly intricate.

c. Certain costs may be nonpecuniary.

d. Property rights are NOT always well-defined.

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