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Loraine Loraine
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9 years ago
Which of the following can result in a market producing an inefficient quantity of a good?
i.   competition
ii.   an external cost or an external benefit
iii.   a tax
A) i only
B) iii only
C) ii only
D) ii and iii
E) i and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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9 years ago
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