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Business Costs and Production Business Costs and Production

Business Costs and Production - PowerPoint Presentation

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Uploaded On 2019-02-05

Business Costs and Production - PPT Presentation

Previously Externalities exist when social costs benefits differ from internal costs benefits It may be possible to correct for externalities by discouraging encouraging activities that harm benefit third parties ID: 750315

cost costs marginal 100 costs cost 100 marginal production average total profit output atc product implicit explicit run class

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