Which of the following statements is true?   a. Competitive markets result in the socially efficient price and quantity when externalitites exist.   b. Command-and-control regulations set an environmental goal and dictate how the goal will be achieved.   c. . Economists prefer command-and-control regulations to incentive-based pollution programs.     d. An effluent tax is a tax imposed on rich people.

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Q: 1. Describe an incentive your parents offered to you in an effort to influence your behavior.

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