Question discuss the relative merits of controlling, Ask an Expert

Economics

Question: Discuss the relative merits of controlling negative external effects such as pollution by:

(a) setting up markets to internalise the external cost;

(b) taxes or subsidies to eradicate the gap between marginal private and marginal social cost;

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92313951

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