M0p. True or FalseIf a good is produced with no negative externalities, private costwill be equal to social cost.●If a good is produced with no negative externalities, externalcosts are zero.If we reduce pollution, we can improve the efficiency of markets.

As we know A negative externality / external cost are a type of spillover which imposes a cost on…

Answered: M0p. | bartleby

Business

Economics

M0p.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter27: Markets And Government

Section: Chapter Questions

Problem 7E

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Question

M0p.

True or False
If a good is produced with no negative externalities, private cost
will be equal to social cost.
●
If a good is produced with no negative externalities, external
costs are zero.
If we reduce pollution, we can improve the efficiency of markets.

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