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In the Absence of Externalities, Which of the Following Will

question 46

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In the absence of externalities, which of the following will produce the efficient quantity for society?


Definitions:

Praise

Positive feedback or admiration given to someone for their achievements, qualities, or efforts.

Modeling

Modeling is a method of learning that involves mimicking the behavior, attitudes, or emotional expressions of others.

Tennis

A racquet sport played individually against a single opponent or between two teams of two players each.

Backhand Shot

In sports like tennis or badminton, a shot made across the body with the back of the hand facing forward.

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