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Explain Why an External Benefit Leads to an Under-Allocation of Resources

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Essay

Explain why an external benefit leads to an under-allocation of resources to the production of a good.


Definitions:

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that can affect an individual's employment or work environment.

Sexual Harassment

Undesired sexual propositions, solicitations for sexual benefits, and additional forms of verbal or physical sexual harassment.

Complacency

A feeling of self-satisfaction accompanied by a lack of awareness of potential dangers or deficiencies.

Sexual Harassment

Behavior constituting unwelcome sexual attention that creates an offensive, hostile, or intimidating environment.

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