Consider the market for fire extinguishers. d. If the external benefit is $10 per extinguisher, describe a government policy that would yield the efficient outcome

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter5: Difficult Cases For The Market And The Role Of Government
Section: Chapter Questions
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Consider the market for fire extinguishers.

d. If the external benefit is $10 per extinguisher,
describe a government policy that would yield the
efficient outcome.

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