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QUESTION
A decrease in output from 160 units to 120 units would select one: a. move the market from a socially efficient outcome to a socially inefficient outcome. b. reduce the external cost per unit of outpu
A decrease in output from 160 units to 120 units would select one:
a. move the market from a socially efficient outcome to a socially inefficient outcome.
b. reduce the external cost per unit of output.
c. increase total economic well-being.
d. not be an action of which a benevolent social planner would approve.
