Answered: When U.S. farmers in the Southwest…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 42P: Table 12.12, shows the supply and demand conditions for a firm that will play trumpets on the...

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When U.S. farmers in the Southwest irigate their land, salt in the ground sol leaks into the Colorado River The Colorado River has become so salty that Mexican farmers further down the tiver cannot irrigate their own land and Mexican crops have been devastated, This situation constitutes n negative externality because:
O. a) Us.famers consider only their private costs in their decision making
O. b) US. farmers consider only their external costs in their decision making
O. c) Mexican farmers consider only their private costs in their decision making
O. d) the social cost of irrigation exceed s the social benefits

U.s. famers were to Internalize this externality. US, famers would irrigate_______as the_____

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