What divergences arise in equilibrium output and efficient, Ask an Expert

Economics

What divergences arise between equilibrium output and efficient output when spillover benefits and costs are present? Provide some "real-life" occurrences where both a positive and negative externality took place. What was the role of outside market forces in these situations?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9295141

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