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Business, 16.10.2019 05:00 yuki430p7szcq

When will the private benefit from consuming a good differ from the social benefit?

a. when there is an externality, such as second-hand smoke generated by the consumption of cigarettes.
b. when there is an externality, such as fewer diseases generated by the consumption of vaccines.
c. when there is an externality, such as sulfur dioxide generated by the production of paper products.
d. when there is no externality, such as in the consumption of apples.
e. both a and b.

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When will the private benefit from consuming a good differ from the social benefit?

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