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sgy_89 sgy_89
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6 years ago
Based on the figure above, suppose that production of product X creates external costs. In the absence of government intervention, this industry would tend to produce
A) 800 units of output, which is less than the allocatively efficient output of 1,000 units.
B) 1,000 units of output, which is more than the allocatively efficient output of 800 units.
C) 800 units, which is the allocatively efficient output.
D) 1,000 units, which is the allocatively efficient output.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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sgy_89 Author
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6 years ago
Helped a lot
Natalie Price
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Yesterday
Smart ... Thanks!
kriggs62
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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