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SebKom SebKom
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6 years ago
A buyer values a good at $60 while the good costs a seller $50 to make and sell. The good is sold for a price of $55. Making the good results in pollution that harms people not directly involved in the transaction. When will this transaction result in a market failure?
A) Only when the cost of the pollution exceeds $10.
B) When the pollution has any cost.
C) Only when the cost of pollution exceeds $5.
D) Only when the cost of pollution exceeds $60.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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MattVMattV
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6 years ago
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SebKom Author
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6 years ago
Good timing, thanks!
jcarter
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Yesterday
Helped a lot
byehoe
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2 hours ago
This helped my grade so much Perfect
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