Many cities tax or ban plastic grocery bags. The rationale for these taxes and bans is an
Question:
a. In a diagram, show the efficient number of plastic bags and the equilibrium number of plastic bags in the absence of any government policies.
b. Show the efficiency loss from plastic bags in your diagram.
c. Show the tax on plastic bags that would lead to the efficient outcome.
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a Plastic bags are an example of a harmful externality in consu...View the full answer
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