Which of the following methods could be used to correct for external costs?
A) Impose a tax or an effluent fee on the offenders.
B) Have the offender clean up the pollution it caused.
C) Require firms in the industry to install pollution control devices.
D) All of the above would be appropriate.
D
Economics
You might also like to view...
_____ is a process in which parties initially in disagreement attempt to reach an agreement
a. Strategic voting b. Negotiation c. Borda count d. Median voting
Economics
In deciding what to buy, the consumer will choose the good with the:
A. Highest marginal utility B. Lowest price C. Highest marginal utility-to-price ratio D. Lowest marginal utility-to-price ratio
Economics