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Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 5
Why are spilcosts and spilbenefits also called negative and positive externalities? Show graphically how a tax can correct for a negative externality and how a subsidy to producers can correct for a positive externality.How does a subsidy to consumers differ from a subsidy to producers in correcting for a positive externality? LO4
Explanation
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Externalities refer to some cost or bene...
Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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