Discuss the definition of externality, explain why government intervention is usually required to address the economic failure

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Discuss the definition of externality, explain why government intervention is usually required to address the economic failure that results, and describe how taxes are used to fund this.

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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Posted Date: Jan 25, 2024 04:39 AM

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Discuss the definition of externality, explain why government intervention is usually required to address the economic failure

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Externality refers to the side effects or unintended consequences of an economic activity that affect parties who did not choose to be involved in tha... View the full answer

Fundamentals Of Taxation 2015

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