Question
Provide a real-world example of a product (a good or service) that has either an external cost or external benefit associated with it and propose a government policy to adjust for the over- or underproduction of this product.
Answers
bobpursley
fatty hamburger meat is the product.
Govn policy: specify only lean can be sold.
External benefit: fewer deaths due to heart failurs.
Govn policy: specify only lean can be sold.
External benefit: fewer deaths due to heart failurs.
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