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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

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?

To determine

Explain the reason why people do not support for the complete elimination of pollution.

Explanation

This argument is unacceptable in some ways. When there is a positive externality, then there is no need of government intervention to correct it...

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