Question: Explain how corrective taxes can be used as a method of internalizing negative externalities? Markets will fail to result in officient levels of output whon

internalizing negative externalities? Markets will fail to result in officient levels of

Explain how corrective taxes can be used as a method of internalizing negative externalities? Markets will fail to result in officient levels of output whon monopolistic power is exercised. Explain how manopolistic power can cause a loss in net benefits

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