Internalising the externality with an efficient corrective
Discuss the following issues?
A)identify the source of the externality
B)measuring the external cost of the externality
C)internalising the externality with an efficient corrective tax per unit of production
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Is government intervention needed for our economy to run well? Why or why not? Please write a 2 page double spaced paper using APA formatting.
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Internalising the externality with an efficient corrective tax per unit of production
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Antilock brakes, airbags, and seatbelts increased the number of accidents while simultaneously decreasing the number of fatal accidents. Why does this happen?
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