Which of the following describes the effect of an optimal tax on pollution? Select one: a. a benevolent social planner is able to maximize production b. producers choose not to produce any pollution c. the value to consumers at market equilibrium exceeds the cost of production (including tax) d. producers internalize the cost of the pollution

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Q: Would environmentalists favor command-and-control policies as a way to reduce pollution? Why or why…

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A: Externality is an economic concept that describes the costs or benefits that a third party bears…

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A: Positive externality implies benefit to the party not involved in a transaction while negative…

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A: Externalities is the impact of action happening between two parties on some other third party.

Q: a) market-based policy

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Q: Pollution is a negative externality. Why is it that the social optimum in a market that generates…

A: Externality: - it is a cost or benefit generated for the third party by the actions of other people.

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A: The demand curve is an economics line graph that depicts how many units of a product are sold.…

Q: $1,200 1,100 1,000 900 800 700 600 500 400 300 200 D 100 50 100 150 200 250 300 350 400 450 500 550…

A:

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A:

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A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

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Q: MINDTAP Aplia Homework: Externalities and the Environment 2. Market solutions to correct for…

A: A negative externality / external cost is a type of spillover which imposes a cost on the third…

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Q: negative externality

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Q: Discuss the socially optimal quantity of a public good? Explain using a diagram.

A: PLEASE FIND THE ANSWER BELOW.

Q: Education is frequently cited as a source of external benefits. How?

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A: The externalities are the additional costs or the benefits incurred to a third person who is not…