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Externalities can be internalized through voluntary agreements as long as

Ashurbanipal

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Externalities can be internalized through voluntary agreements as long as

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transaction costs are low relative to expected benefits.

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transaction costs are high relative to expected benefits.

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the agreement is a short-run agreement.

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the agreement is a long-run agreement.

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Economics

Edition: 12^th

Author: Arnold

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ydnam23

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More solutions for this book are available here

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Ashurbanipal Author

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Thanks

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Helped a lot

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This helped my grade so much Perfect

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