4. What divergences arise between equilibrium output and efficient output when (a) negative externalities and (b) positive

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4. What divergences arise between equilibrium output and efficient output when

(a) negative externalities and

(b) positive externalities are present? How might government correct these divergences? Cite an example (other than the text examples) of an external cost and an external benefit. LO4.4

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Sep 28, 2024 01:00 PM

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4. What divergences arise between equilibrium output and efficient output when (a) negative externalities and (b) positive

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Economics

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