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Mandolina Mandolina
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6 years ago
When firms in an industry fail to consider external costs,
A) the selling price of the product tends to be artificially high.
B) they produce too little output from society's point of view.
C) they produce the socially optimal level of output, but charge an artificially low price.
D) they produce too much output from society's point of view.
E) Both A and B are true.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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6 years ago
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Mandolina Author
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#2
6 years ago
YOU SAVED MY LIFE AND MY GRADE!

Thank you!
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