a. For markets to operate efficiently, the people making consumption and production decisions must bear the full __________ and reap the full __________ from their decisions. b. Pollution from a paper...

a. For markets to operate efficiently, the people making consumption and production decisions must bear the full __________ and reap the full __________ from their decisions.

b. Pollution from a paper mill is an example of market failure because people living downwind of the mill bear part of __________ of production.




May 26, 2022
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