Identify and explain the triangle that represents market failure in the case of a negative externality.

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:54 AM

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Identify and explain the triangle that represents market failure in the case of a negative externality.

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As shown in the figure the market produces output equal t...View the full answer

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