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Author Question: Suppose a production process confers benefits to third parties not involved in the transaction. In this case, (Read 62 times)

lauraleepop

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on: Oct 12, 2022
Suppose a production process confers benefits to third parties not involved in the transaction. In this case,
◦ marginal social benefit is less than marginal private benefit.
◦ marginal social cost is more than marginal private cost.
◦ a subsidy to producers could increase production to the socially optimal level.
◦ without government intervention the market will produce too much of this good.
◦ a per unit tax could be imposed on the producer to achieve the socially optimal level of production.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lauraleepop on Oct 12, 2022

tharris7314

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lauraleepop

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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