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Environmental Economics 6th Edition by Martha k Field,Barry Field
Edition 6ISBN: 978-0073511481Environmental Economics 6th Edition by Martha k Field,Barry Field
Edition 6ISBN: 978-0073511481 Exercise 4
Suppose we adopt a regulation requiring that all new cars have catalytic converters installed to reduce tailpipe emissions. Explain how this could have a beneficial impact in the short run but a less beneficial impact in the long run.
Explanation
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Reduction in tailpipe emissions: short-r...
Environmental Economics 6th Edition by Martha k Field,Barry Field
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