Refer to Table 12.2. The externality created by the refrigerator production was $100
Chapter 12, Problem 41(choose chapter or problem)
Refer to Table 12.2. The externality created by the refrigerator production was $100. However, once we accounted for both the private and additional external costs, the market price increased by only $50. If the external costs were $100 why did the price only increase by $50 when we accounted for all costs?
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