Whenanexternalityisinternalizedallcostsandbenefitsofan

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When an externality is internalized, all costs and benefits of an action are considered.

Question 6 1 / 1 pts Norman and Jack are roommates. Jack is tidy and Norman is messy. There are no laws that prohibit messiness. The benefit of a messy house is worth $1000 to Norman, but the messy house imposes a $500 cost on Jack. According to the Coase theorem, an efficient solution is

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Question 7 1 / 1 pts When a good is rival it means that

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