Answer to Question #332824 in Macroeconomics for Kay

Question #332824

Evaluate the following argument: ‘Since pollution is a negative externality, it would be socially optimal to declare illegal the use of any production process that create pollution’.

1
Expert's answer
2022-04-24T17:24:50-0400

Since pollution is a negative externality, it would be socially optimal to oblige the polluter to compensate those negative externalities.


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