The command and control method to solving an external cost problem usually involves:
A) the imposition of taxes on the consumption of the item that is causing the external cost.
B) the institution of a subsidy on the consumption of the item that is causing the external cost.
C) the issuance of a regulation on the production, operation, or use of the item that is causing an external cost.
D) a price ceiling on the item that is causing an external cost.
Correct Answer:
Verified
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