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In: Economics

If a firm that emits a form of pollution is also a monopolist, is the firm...

If a firm that emits a form of pollution is also a monopolist, is the firm more likely to be allocatively efficient? Explain.

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Expert Solution

^ 4 cases illustrating that
social optimalcy in the presence of negative externalities, and
competitiveness of market, perfectly competitive and purely monopolistic being the two polar cases

are independent features

Rahul Sunny answered 2 years ago
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