When do externalities require government intervention, and when is such intervention unlikely to be necessary?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:10 AM

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When do externalities require government intervention? When is such intervention unlikely to be necessary?
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When do externalities require government intervention, and when is such intervention unlikely to be necessary?

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Negative externalities may require government intervention when there is significant dispar...View the full answer

Microeconomics

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