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Homework answers / question archive / Which statement is INCORRECT? When external benefits exist in a market, social surplus is maximized when social benefits equal the marginal costs of production
Which statement is INCORRECT? When external benefits exist in a market, social surplus is maximized when social benefits equal the marginal costs of production. O When external costs exist in a market, Omarket > Qefficient Through taxation, government action can result in market = Qefficient- O When external benefits exist in a market, market
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