What is the difference between command-and-control policies and market-based policies toward externalities?

a. Command-and-control policies provide incentives for private decisionmakers to solve the problems on their own, whereas market-based policies regulate behavior directly.
b. Command-and-control policies rely on taxes, whereas market-based policies rely on quotas.
c. Command-and-control policies regulate behavior directly, whereas market-based policies provide incentives for private decisionmakers to change their behavior.
d. Command-and-control policies are efficient, whereas market-based policies are inefficient.

c

Economics

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Market power refers to the ability of a firm to set its product price

Indicate whether the statement is true or false

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Workforce quality arguments are very difficult to prove for the period of 1970 to 1990 because during that period SAT scores

a. and graduation rates increased. b. increased and graduation rates decreased. c. and school attendance rates decreased. d. decreased and school attendance rates increased.

Economics