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The Presence of Externalities Implies That the Proper Amount of a Good

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True/False

The presence of externalities implies that the proper amount of a good is being produced.


Definitions:

Cigarette Smoking

The act of inhaling and exhaling the smoke of burned tobacco contained in cigarettes, a major health hazard leading to numerous diseases.

Major Source

The primary origin or point of emission for a substance, energy, or material in an environmental context.

Odourless

Refers to substances that do not emit a detectable smell.

Poisonous Gas

Gaseous substances that are harmful or fatal to living organisms when inhaled or absorbed.

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