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Title: When government intervenes in the production process because external costs exist, it typically ... Post by: suiren on Mar 4, 2019 Question 1. "Second-hand" smoke is an often cited disadvantage of allowing smoking in restaurants. In economics, "second-hand" smoke is referred to as a(n)• economic cost. • negative investment. • capital good. • externality. Question 2. When government intervenes in the production process because external costs exist, it typically attempts to shift the industry's• demand curve to the left. • demand curve to the right. • supply curve to the left. • supply curve to the right. Title: When government intervenes in the production process because external costs exist, it typically ... Post by: Bakari on Mar 4, 2019 Content hidden
Title: When government intervenes in the production process because external costs exist, it typically ... Post by: suiren on Mar 4, 2019 Good timing, thanks!
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