Command-and-control regulation may be better than a corrective tax if a. a corrective tax would have differential

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Command-and-control regulation may be better than a corrective tax if

a. a corrective tax would have differential effects on different industries.

b. some polluters can reduce emissions more cheaply than others.

c. the negative externality is so large that the optimal quantity is zero.

d. knowledge about the cost of pollution abatement is dispersed and hard to obtain.

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:00 PM

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Command-and-control regulation may be better than a corrective tax if a. a corrective tax would have differential

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Principles Of Microeconomics

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