Using rules or regulations as a method to control an externality is often described as a blunt instrument. What aspects and implications of using rules and regulations to control an externality give it the "blunt instrument" description?

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The Answer of Using rules or regulations as a method to control an externality is often described as a blunt instrument. What aspects and implications of using rules and regulations to control an externality give it the "blunt instrument" description?

Using Rules or Regulations as a Method to Control an Externality