How would you select an appropriate policy to internalize negative externalities associated with pollution? In your answer indicate the information required to internalize a negative externality.How do the transactions costs of exchanging the right to pollute affect the choice of policy? Explain why there would be no negative externalities associated with pollution if the transactions costs of establishing and exchanging the rights to pollute (or to have a pollution-free environment) were zero.

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The Answer of How would you select an appropriate policy to internalize negative externalities associated with pollution? In your answer indicate the information required to internalize a negative externality.How do the transactions costs of exchanging the right to pollute affect the choice of policy? Explain why there would be no negative externalities associated with pollution if the transactions costs of establishing and exchanging the rights to pollute (or to have a pollution-free environment) were zero.

How Would You Select an Appropriate Policy to Internalize Negative