hould the goal be to eliminate all pollution? How do firms deal with externalities such as pollution in economic terms? Are there economic arguments in favor of allowing a certain amount of pollution? If so, explain in detail.

Q: e the nature of t

A: An externality is a cost or benefit being caused by a producer which is not either financially…

Q: uppose that we are considering the market for windmills. The private demand for electric cars is…

A: Positive externality refers to the positive spillover benefits of the good to the third party which…

Q: If policymakers use a pollution tax to control​ pollution, the tax per unit of pollution should be…

A: If policymakers use a pollution tax to control​ pollution, the tax per unit of pollution should be…

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

A: The command-and-control regulation establishes particular pollution emission limitations and/or…

Q: Explain why zero pollution should not be the goal for a society.

A: The term "zero pollution" implied a low quantity of poisons and trash delivered by businesses, to…

Q: What is the main rationale behind marketable pollution permits?

A: Emissions trading or cap and trade is a market-based approach that is used by government to control…

Q: Explain how the effects of externalities can be remedied

A: Externalities are spillover effects on third part or on society because of consumption or production…

Q: The weekly supply and demand for packs of cigarettes in the United States is given in the figure…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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.

Q: Imagine the government of California has proposed a new tax on vehicles based on the amount of…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: In what ways is pollution still a problem?

A: Environmental economics studies the distribution of the world's natural resources for efficient use…

Q: Suppose that flu shots create a positive externality equal to $12 per shot. What is the relationship…

A: Positive externality refers to the benefit to society due to the production of goods and services.…

Q: ph, show how an unaccounted-for negative externality results in inefficiency

A: Externalities refers to the side effects of economic activities that are not accounted for or such…

Q: How does the law address either the "Tragedy of the Commons", the free-rider problem, or pollution…

A: The tragedy of the commons is a financial aspects problem where each individual has a motivation to…

Q: Suppose the government like to set a fishing license fee per trip to regulate the fishery. What is…

A: An equilibrium being socially efficient occurs at a higher price (P*) and a lower output (Q*) as…

Q: DRAW THE POSITIVE EXTERNALITY CURVE AND EXPLAIN-

A: Positive externality means certain advantage to third person which is not involved in the…

Q: How does a positive externality change equilibrium price and quantity, relativeto the same market…

A: The externalities are the additional costs or benefits faced by the third party who is not involved…

Q: Draw a graph of water pollution as a negative externality and explain it

A: An economy wanted to produce maximum number of goods in a short time frame. It makes the producers…

Q: Explain the difference between positive and negative externalities along with an example.

A: Answer: An externality exists when some economic agent’s welfare (utility or profit) is directly…

Q: Give an example for a negative or positive externality and explain the inefficiency this negative or…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Which of the following best explains why economists believe that there is an optimal amount of…

A: From a monetary perspective the socially ideal degree of contamination happens when the minimal…

Q: What is an externality? Provide an example.

A: There are various government policies and private solutions to solve the problem of an externality.…

Q: t are the costs of pollution according to the Lancet Commission on pollution and health? Why are…

A: Lancet commission has done research on different kinds of land, air and water pollution and…

Q: The primary source of air pollution in the small town of Smokey, Nevada is a nearby steel mill. The…

A: Emission standards refer to the legal requirements set by the government regarding release of air…

Q: Which of the following describes the effect of an optimal tax on pollution? Select one: a. a…

A: A tax is a mandatory financial charge or another type of levy imposed by a governmental organization…

Q: Define pollution charge and will our economy be able to control pollution? Share your thoughts in a…

A: Pollution charges or tax refers to the amount of tax that is imposed by the government to reduce…

Q: Describe social benefits and social costs in externalities.

A: An externality is created when an individual or firm performs an activity that affects the…

Q: Air pollution creates a negative externality—a cost suffered by a third party as a result of an…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Explain the concept of externalities; include an example, as well as how the government takes action…

A: Externalities are a concept in economics that refer to the unintentional consequences of an economic…

Q: Economists Kenneth Chay and Michael Greenstone found that in the two years following the passage of…

A: There is strong evidence that pollution has a negative impact on health and increases the risk of…

Q: What is a negative externality?  What is an example of a negative externality?  What is a solution…

A: Externalities are the advantages (or disadvantages) a business or person causes to another without…

Q: What are some examples of activities that would create positive and negative externalities? And how…

A: The term externality refers to any economic or non-economic cost imposed on or benefit provided to…

Q: Are socially efficient level of emission and market efficiency is equal? Explain with help of…

A: Market outcomes are characterized by optimizing the level of output taking into consideration the…

Q: How can a corrective tax adjust costs to reflect externalities? What effects will a corrective tax…

A: A negative externality is a cost that is encountered by a third party because of an economic…

Q: What externality problem do you expect in the market for plastic bags? How does the government…

A: The externality is the cost to the third party which is born by the society who does not involve in…

Q: Do market demand curves reflect positive externalities? Why or why not?

A: Generally the market demand curve reflects the private benefit received from consumption of goods.

Q: Why are externalities considered a sign of market failure?

A: Market failure occurs when there is inefficient allocation of resources in the free market.

Q: What happens in the market for a good that pollutes the air when it is manufactured if government…

A: When the government imposes tax on consumer during the purchase of goods, then it leads to increase…

Q: PRICE OF CARS 1. Efficiency in the presence of externalities Cars impose many external costs on…

A: A negative externality occurs when the production or consumption of a good or service imposes costs…

Q: Efficiency in the presence of externalities Air horns impose many external costs on society: the…

A: Market equilibrium Market equilibrium is defined as the moment in the market where the quantity…