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Question
Silk Work Inc., a manufacturer of silk garments, is planning to replace hand weaving with some modern machines that run on fuel. Which of the following consequences of this measure can be categorized as a negative externality?A. Increased amount of output achievable from the given quantity of labor
B. Increase in the quality of the silk garments
C. Increased pollution as a result of the new technology
D. Increased need for investment to finance the modernization
Answer
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