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Title: The problem with externalities is essentially one of Post by: Jgal on Oct 16, 2022 The problem with externalities is essentially one of
▸ the failure of the market to solve social problems. ▸ the inability of a firm in an industry characterized by increasing returns to scale to make positive profits if it sets price equal to marginal cost. ▸ asymmetric information. ▸ a failure of the market to generate socially valued outcomes. ▸ a discrepancy between private and social costs. Title: The problem with externalities is essentially one of Post by: mkql12 on Oct 16, 2022 Content hidden
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