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What are the input and output markets in economics?
Negative externalities lead markets to produce
a. greater than efficient output levels and positive externalities lead markets to produce smaller than efficient output levels.
b. smaller than efficient output levels and positive externalities lead markets to produce greater than efficient output levels.
c. greater than efficient output levels and positive externalities lead markets to produce efficient output levels.
d. efficient output levels and positive externalities lead markets to produce greater than efficient output levels.
