There are some goods whose benefits and cost are wholly internalized and other good's benefits and costs are wholly externalized. This polarization view is helpful for understanding the essential difference between private and social goods, but it is not realistic. Mixed situation of various kinds arises." Do you agree with the statement? Explain with arguments.

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Yes I agree with the statement that the polarization view of goods as either wholly internalized or wholly externalized is helpful for understanding t... View the full answer