There is a view that life is one big externality: Just about everything someone does affects someone else either positively or negatively. To permit government to deal with externality problems is to permit government to tamper with everything in life. No clear line divides externalities in which government should become involved from those it should not. Do you support this position? Why or why not?
Microeconomics
Microeconomics
There is a view that life is one big externality: Just about everything someone does affects someone else either positively or negatively. To permit government to deal with externality problems is to permit government to tamper with everything in life. No clear line divides externalities in which government should become involved from those it should not. Do you support this position? Why or why not?
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Chapter 17 Solutions
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