Explain why environmental pollution is regarded as a source of market failure. Briefly describe two different policies which a government

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information
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Explain why environmental pollution is regarded as a source of market failure. Briefly describe two different policies which a government might implement to reduce pollution.

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