All remedies that attempt to solve an externality problem share the goal of moving the allocation of resources closer to the private optimum.

Name: All remedies that attempt to solve an externality problem share the goal of moving the allocation of resources closer to the private optimum.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

They aim to move the allocation of resources closer to the social optimum, not the private optimum, by accounting for external costs or benefits not considered in private transactions.

All Remedies That Attempt to Solve an Externality Problem Share