As a general rule, if pollution costs are external, firms will produce:
a. too little of a polluting good.
b. too much of a polluting good.
c. an optimal amount of a polluting good.
d. cannot be determined without additional information.
b
Economics
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In a steady-state economy with no population growth, capital per worker is 86, the saving rate is 25 percent, and the depreciation rate is 11 percent. The level of output per worker is ________
A) 195 B) 38 C) 35 D) 47
Economics
Why are externalities associated with common property rather than private property?
What will be an ideal response?
Economics