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AP® Microeconomics

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Dwelling on the Negative Externalities

APMICR-7347YJ

A negative externality will necessarily occur if which of the following conditions exist within a market?

A

Overproduction

B

Failure to produce an efficient quantity

C

Costs of production less than those reflecting societal costs

D

Underproduction

E

Benefits from consumption greater than those reflecting societal gains