What are two types of private solutions to the problem of externalities
A)charities and the Golden Rule
B)charities and subsidies
C)the Golden Rule and taxes
D)taxes and subsidies

Question

Quizplus · Accepted Answer

Private solutions to externalities involve actions taken by individuals or organizations without the need for government interventions. Charities can be a private solution to externalities by providing resources to manage externalities, such as funding research to find solutions to pollution or providing assistance to those affected by negative externalities. The Golden Rule can also be a private solution, where individuals or organizations voluntarily adjust their behavior to take into account the effects their actions have on others. Both options are effective in addressing externalities without the need for government intervention or coercion.

What Are Two Types of Private Solutions to the Problem