When pollution is put into the environment by factories who produce a specific good, is NOT a method for the government to restore the social optimum. Offer a subsidy to factories who produce the specific good. Require factories to change production techniques to reduce emissions. Require factories to pay for the environmental damage they create. Place a tax on the production of the specific good.
When pollution is put into the environment by factories who produce a specific good, is NOT a method for the government to restore the social optimum. Offer a subsidy to factories who produce the specific good. Require factories to change production techniques to reduce emissions. Require factories to pay for the environmental damage they create. Place a tax on the production of the specific good.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 18SQ
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Transcribed Image Text:When pollution is put into the environment by factories who produce a specific good,
is NOT a method for the government to restore the social optimum.
Offer a subsidy to factories who produce the specific good.
Require factories to change production techniques to reduce emissions.
Require factories to pay for the environmental damage they create.
Place a tax on the production of the specific good.
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