Business, 06.01.2020 18:31, devenybates

Externalities affect the economic efficiency of a market equilibrium by causing a difference between:
a. the marginal private cost of production and the marginal social cost of production.
b. the marginal private benefit of consumption and the marginal social benefit of production.
c. consumer surplus and producer surplus.
d. both a and b.
e. all of the above.

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Externalities affect the economic efficiency of a market equilibrium by causing a difference between...