Question: Question 14 a. Distinguish positive externalities and negative externalities with relevant practical examples b. There are three different ways of correcting market failures namely (a)

Question 14 a. Distinguish positive externalities and negative externalities with relevant

practical examples b. There are three different ways of correcting market failures

Question 14 a. Distinguish positive externalities and negative externalities with relevant practical examples b. There are three different ways of correcting market failures namely (a) an emissions fee, (bl an emissions standard, and {c) a system of transferable emissions permits. Compare and contrast them for treating pollution externalities when the costs and benefits of abatement are uncertain

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