Answered: 7. Modified by fiscal or governmental…

7. Modified by fiscal or governmental action -market failure -allocation of resources -artificial obstacles -unbridled competition -spill-over cost

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 6CQQ

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7. Modified by fiscal or governmental action
-market failure
-allocation of resources
-artificial obstacles
-unbridled competition
-spill-over cost

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