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Business, 31.07.2019 20:30 Jay23456677888

Consider a good with external costs. which of the following best describes why the market does not produce an allocatively efficient amount? select one: a. the marginal private cost of production and the marginal social cost exceed the marginal benefit to consumers. b. the marginal social benefit exceeds the marginal social cost. c. the marginal social cost exceeds the marginal social benefit. d. the marginal benefit to consumers exceeds the marginal private cost of production and the marginal social cost of production.

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