Government can be used to solve externality problems that are too costly for private parties to solve.
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Q50: Figure 10-8 Q51: Many charities like the Sierra Club are Q52: Figure 10-8 Q53: Firms that can reduce pollution easily would Q54: When externalities are present, reaching an efficient Q56: Social welfare can be enhanced by allowing Q57: Despite the appealing logic of the Coase Q58: In some circumstances, selling pollution permits may Q59: The Coase theorem asserts that private economic Q60: All externalities impose a cost on others.
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