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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
An external cost in the production of a good creates a difference between the
i.   costs borne by the producer and the costs borne by society in general.
ii.   efficient quantity of output and the equilibrium quantity of output.
iii.   marginal social cost and the marginal private cost.
A) i only
B) iii only
C) ii and iii
D) i, ii, and iii
E) i and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 312 times
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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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Chimelo46Chimelo46
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8 years ago
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More solutions for this book are available here
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#2
8 years ago
The textbook reference in your signature really helped me narrow it down.

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