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Microeconomics

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Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local company, answer the following questions:
What 2 policies could you use to reduce the total amount of emissions?
Why do you think they each would work?
What are 2 benefits of each action (besides emissions reduction)?
What would the costs of each action be?
How would you decide what was the best level of emission reduction?

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Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local company, answer the following questions:
What 2 policies could you use to reduce the total amount of emissions?
Two policies that I can use to reduce the total amount of emissions is to set a numerical limit on the concentration of common air-pollutants and set up a reporting and enforcement method.
The second policy will be provide incentives to private enterprises if they reduce ...

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  • MBA, Eastern Institute for Integrated Learning in Management
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