question archive 1)What are monopoly characteristics? 2)What is an externality? Give an example of a positive externality and an example of a negative externality
1)What are monopoly characteristics? 2)What is an externality? Give an example of a positive externality and an example of a negative externality
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1)What are monopoly characteristics?
2)What is an externality? Give an example of a positive externality and an example of a negative externality. What is the difference between private costs and social costs? From an economic perspective, is it sound policy to pursue a goal of zero pollution? Why or why not?
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