Explain why subsidies for pollution abatement equipment, even if they result in an efficient level of pollution
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Explain why subsidies for pollution abatement equipment, even if they result in an efficient level of pollution abatement, will not result in an efficient resource allocation.
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Subsidies for pollution abatement equipment can lead to efficient levels of pollution reduction from an environmental perspective as they encourage fi...View the full answer
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Related Book For
Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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