Taxes and subsides work together by____ the price of polluting technology or goods and___ the price of competing clean technology or goods. Over time, as firms and individuals choose the___ .cost technologies or goods. products that bear a_____ will phase out of the market, while products with a______ will be adopted. As the scale of production of non-polluting technologies increases, the cost of production for those technologies or goods will ____further reducing the____ until subsidies are no longer necessary to successfully compete with the polluting technologies or goods
Taxes and subsides work together by____ the price of polluting technology or goods and___ the price of competing clean technology or goods. Over time, as firms and individuals choose the___ .cost technologies or goods. products that bear a_____ will phase out of the market, while products with a______ will be adopted. As the scale of production of non-polluting technologies increases, the cost of production for those technologies or goods will ____further reducing the____ until subsidies are no longer necessary to successfully compete with the polluting technologies or goods
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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