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Buyers and sellers neglect the external effects of their actions when deciding how much to demand or supply.
Q1: Free goods are usually efficiently allocated without
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Q35: The free-rider problem<br>A) forces the supply of
Q56: The impact of one person's actions on
Q71: To determine the optimal level of output
Q172: Ten friends who love to ski decide
Q340: Which of the following statements is correct
Q341: If education produces positive externalities and the
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Q439: The patent system gives firms greater incentive