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Which of the following describes how a negative externality affects a competitive market? A) The externality causes consumer surplus to exceed producer surplus

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Which of the following describes how a negative externality affects a competitive market?

A) The externality causes consumer surplus to exceed producer surplus.

B) The externality causes a difference between the private cost of production and the private benefit from consumption.

C) The externality causes a difference between the private cost of production and the social cost.

D) The externality causes a difference between the private cost of production and the equilibrium price.