Why does an otherwise competitive market with a positive externality produce less output than would be economically

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Why does an otherwise competitive market with a positive externality produce less output than would be economically efficient?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:10 AM

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Why does an otherwise competitive market with a positive externality produce less output than would be economically

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Microeconomics

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