The reason the government has to step in and 'internalize' benefit and cost externalities are because people

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"The reason the government has to step in and 'internalize' benefit and cost externalities are because people are basically selfish." Do you agree with this statement? Explain.

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:55 AM

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The reason the government has to step in and 'internalize' benefit and cost externalities are because people

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I agree with this statement although prefer to use selfinterest instead ...View the full answer

Managerial Economics

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