A Markets are inefficient when positive production externalities are present because O private costs of production...

  

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A Markets are inefficient when positive production externalities are present because O private costs of production exceed social costs of production when the market is in equilibrin social benefits of consumption exceed private benefits of consumption when the market is in equilibrium O social costs of production exceed private costs of production when the market is in equilibrivan O private benefits of consumption exceed social benefits of consumption when the market is in equilibrium A Markets are inefficient when positive production externalities are present because O private costs of production exceed social costs of production when the market is in equilibrin social benefits of consumption exceed private benefits of consumption when the market is in equilibrium O social costs of production exceed private costs of production when the market is in equilibrivan O private benefits of consumption exceed social benefits of consumption when the market is in equilibrium

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The detailed answer for the above question is provided below Markets can become inefficient when certain conditions are met Heres a breakdown of the s... View the full answer