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QUESTION

Explain the resulting lack of environmental service protection (or maintenance) as well as the undervaluing of these services as a public good...

Explain the resulting lack of environmental service protection (or maintenance) as well as the undervaluing of these services as a public good problem. Given that environmental quality is used as an input  in the production of private goods, describe what happens to the quantity and to the value of these private goods when environmental quality protection is less then efficient.

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