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(a) Demand Curve under Perfectly Competitive market (b) Demand Curve under Imperfectly Competitive market
(a) Demand Curve under Perfectly Competitive market (b) Demand Curve under Imperfectly Competitive market
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While factories and refineries provide jobs and wages, they are also an example of a market failure, as they impose negative externalities on the surr
While factories and refineries provide jobs and wages, they are also an example of a market failure, as they impose negative externalities on the surrounding region via their airborne pollutants.