Many remedies to resolving externalities involve "internalizing the externality." Which BEST approximates that goal?
A) placing a large dome over a polluting factory
B) punching people who smell nice
C) giving candy to disruptive children
D) buying yourself flowers to counteract the bad smell from a neighboring pig farm
Correct Answer:
Verified
Q18: Which statement illustrates the concept of external
Q19: The social cost is:
A) a cost paid
Q20: If the social cost of an activity
Q21: When the government intervenes in markets with
Q22: Which statement is correct under a market
Q24: If an external cost is present in
Q25: An efficient equilibrium occurs when:
A) private costs
Q26: If a market solution provides greater marginal
Q27: Antibiotic use carries an external _ of
Q28: Which of these statements is TRUE in
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