An article in the Economist magazine on externalities recommended that policymakers consider what institutions and laws could

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An article in the Economist magazine on externalities recommended that policymakers consider what “institutions and laws” could “fix things.”

a. In discussing externalities, what does “fix things” mean?

b. What do laws and institutions have to do with externalities?

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Oct 10, 2023 08:39 AM

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An article in the Economist magazine on externalities recommended that policymakers consider what institutions and laws could

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a In the context of externalities fix things means addressing and mitigating the negative consequences or spillover effects that occur when economic a...View the full answer

Economics

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