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Business, 16.02.2021 03:20 mattmore0312

Match the externality to the appropriate description. 1. This might arise if a firm producing pharmaceuticals dumps its waste in a river or pollutes the air. 2. If a promising compound is discovered, this will lead to the publication of scientific papers on the compound; therefore, the research undertaken on the compound will lead to the identification of other useful avenues for research. 3. In addition to their effects on individual health, cigarette smoking and alcohol consumption may also have negative effects on the rest of society in terms of passive smoking and antisocial behavior, which are not compensated for in the private market. 4. Vaccines have a direct health benefit on others by reducing their chances of ill health, and they are not being compensated in the private market; therefore, these activities should be subsidized. A. External cost of production B. External benefits of production C. External costs of consumption D. External benefits of consumption

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