If government imposes penalties (taxes) that exceed the actual value of the damages done by the pollution
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If government imposes penalties (taxes) that exceed the actual value of the damages done by the pollution on the firms in a polluting industry, the result is an inefficient and unfair imposition of costs on those firms and on the consumers of their products. Discuss that statement. Use a graph to show how consumers are harmed.
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Related Book For
Mylab Economics With Pearson Access Code For Principles Of Microeconomics
ISBN: 9780135197141,9780135197103
13th Edition
Authors: Karl E. Case; Ray C. Fair; Sharon E. Oster
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