Suppose that growing flowers produces both a positive externality (people in the neighborhood get to view the
Question:
a. True or false, and explain your answer (using a diagram): We can say for sure that too many flowers are being produced.
b. True or false, and explain your answer (using a diagram): We can say for sure that the market price of flowers is too high.
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Related Book For
Microeconomics
ISBN: 9781464146978
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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