1 3. EXTERNALITIES: Private costs are those costs which are borne solely by the individuals who incur them, that is, by PRIVATE COSTS AND PRIVATE BENEFIT: the users. They…

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1. www.studyguide.pk 3.1EXTERNALITIES:PRIVATE COSTS AND PRIVATE BENEFIT: Private costs are those costs which are borne solely by the individuals who incur them, that is,…

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