What type of market failure would you categorize marine pollution? b. Base on the question above, discuss why the type of market failure occur. c. Suggest two relevant Government policies that would yeild the efficient outcome and explain the process through which the implementation of the policies will lead to optimal outcome.

What type of market failure would you categorize marine pollution? b. Base on the question above, discuss why the type of market failure occur. c. Suggest two relevant Government policies that would yeild the efficient outcome and explain the process through which the implementation of the policies will lead to optimal outcome.

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 5QCMC

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