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Economics Today: The Micro View (18th Edition)
18th Edition
ISBN: 9780133885071
Author: Roger LeRoy Miller
Publisher: PEARSON
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Question
Chapter 5, Problem 2CTQ
To determine
Why might the Chinese government experience difficulties in determining exactly the “right” amount of water pollution to permit?
Introduction:
Externality in an economy arises when the action of one party imposes a cost or benefit on the other party who did not choose to incur that cost or benefit. Economists often urge governments to adopt policies that "internalize" an externality, so that costs and benefits will affect mainly parties who choose to incur them.
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Chapter 5 Solutions
Economics Today: The Micro View (18th Edition)
Ch. 5 - Prob. 5.1LOCh. 5 - Prob. 5.2LOCh. 5 - Prob. 5.3LOCh. 5 - Prob. 5.4LOCh. 5 - Prob. 5.5LOCh. 5 - Prob. 5.1SCCh. 5 - Prob. 5.2SCCh. 5 - Prob. 5.3SCCh. 5 - Prob. 5.4SCCh. 5 - Prob. 5.5SC
Ch. 5 - Prob. 1CTQCh. 5 - Prob. 2CTQCh. 5 - Prob. 1FCTCh. 5 - Prob. 2FCTCh. 5 - Prob. 1PCh. 5 - Prob. 2PCh. 5 - Prob. 3PCh. 5 - Prob. 4PCh. 5 - Prob. 5PCh. 5 - Prob. 6PCh. 5 - Prob. 7PCh. 5 - Prob. 8PCh. 5 - Prob. 9PCh. 5 - Prob. 10PCh. 5 - Prob. 11PCh. 5 - Prob. 12PCh. 5 - Prob. 13PCh. 5 - Prob. 14PCh. 5 - Prob. 15PCh. 5 - Prob. 16P
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