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Business, 26.08.2019 17:30 ashleyzamarripa08

When a competitively produced product has negative externalities in production, the industry will select one: a. over produce the good because marginal social cost will exceed marginal social benefit in competitive equilibrium. b. over produce the good because marginal private cost is less than marginal private benefit in competitive equilibrium. c. under produce the good because marginal social cost will exceed marginal social benefit in competitive equilibrium.

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