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According to the digital media company Captivate Network, employees viewing the 2012 Olympics instead of working caused a $1.38 billion

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According to the digital media company Captivate Network, employees viewing the 2012 Olympics instead of working caused a $1.38 billion loss in productivity for U.S. companies. Is this productivity loss an example of a negative externality? Explain.

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An externality occurs when a person s well being or a firm s production capability is directl…View the full answer


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Related Book For  answer-question
Microeconomics Theory and Applications with Calculus

Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Details
Chapter # 17- Property Rights, Externalities, Rivalry, and Exclusion
Section: Section 1.1
Problem: 5
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Question Posted: December 29, 2017 01:06:08
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