Explain why externalities prevent the attainment of efficiency when goods are traded in competitive markets.
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Explain why externalities prevent the attainment of efficiency when goods are traded in competitive markets.
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Externalities occur when the production or consumption of a good or service affects other parties who are not directly involved in the transaction The...View the full answer
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Deepak Sharma
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Related Book For
Public Finance A Contemporary Application Of Theory To Policy
ISBN: 9780538754460
10th Edition
Authors: David N Hyman
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