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Business, 24.03.2020 01:21 AaronEarlMerringer

Which of the following statements is true in relation to externalities I. property rights and low negotiation costs will allow the private market system to operate at socially optimum level. II. government regulations limit activities with negative externalities III. taxes are placed on activities that have negative externalities and subsidies on activities will positive externalities only I

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Which of the following statements is true in relation to externalities I. property rights and low ne...
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