Explain which of the following events creates an external benefit or an external cost: A huge

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Explain which of the following events creates an external benefit or an external cost:
• A huge noisy crowd gathers outside the lecture room
• Your neighbor grows beautiful flowers on his apartment deck.
• A fire alarm goes off accidentally in the middle of a lecture.
• Your instructor offers a free tutorial after class.
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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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