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29 Sep 2019
If there is a positive externality, will the free markets produce too much or too little of the externality-generating product? Explain what you mean by "too much" or "too little".
Explain how a tobacco tax reduces smoking (given that most smokers are addicts who will just pay a higher price if they have to, rather than quitting smoking).
If there is a positive externality, will the free markets produce too much or too little of the externality-generating product? Explain what you mean by "too much" or "too little".
Explain how a tobacco tax reduces smoking (given that most smokers are addicts who will just pay a higher price if they have to, rather than quitting smoking).
1
answer
0
watching
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Chika IlonahLv10
29 Sep 2019