Under what conditions are externalities likely to be internalized without the necessity of government intervention?

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Public Finance A Contemporary Application Of Theory To Policy

ISBN: 9780538754460

10th Edition

Authors: David N Hyman

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Question Posted: Aug 11, 2023 04:15 AM

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Under what conditions are externalities likely to be internalized without the necessity of government intervention?

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Externalities refer to the spillover effects of an economic activity on parties who are not directly involved in that activity They can be positive beneficial or negative harmful Internalizing externa...View the full answer

Public Finance A Contemporary Application Of Theory To Policy

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