19:36! 13:413.00KB/S015The market below depicts supply, demand and marginal social cost in the widget market.0.000.000.700.000500.4002050100 125 150 175 2001To correct for the externality, what should be used?Oa. A subsidy of $0.20b. A tax of $0.20Oc. A subsidy of $0.30Od. A tax of $0.30=

Externality refers to an economic problem when people take benefit from the economic goods. It is…

The market below depicts supply, demand and marginal social cost in the widget market. 100 0.00 080 0.70 0.00 050 8.40 0.30 020 75 125 150 175 200 To correct for the externality, what should be used? a. A subsidy of $0.20 b. A tax of $0.20 OC.A subsidy of $0.30 Od. A tax of $0.30

The market below depicts supply, demand and marginal social cost in the widget market. 100 0.00 080 0.70 0.00 050 8.40 0.30 020 75 125 150 175 200 To correct for the externality, what should be used? a. A subsidy of $0.20 b. A tax of $0.20 OC.A subsidy of $0.30 Od. A tax of $0.30

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 41P: Refer to Table 12.2. The externality created by the refrigerator production was 100. However, once...

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19:36
! 13:41
3.00
KB/S
015
The market below depicts supply, demand and marginal social cost in the widget market.
0.00
0.00
0.70
0.00
050
0.40
020
50
100 125 150 175 2001
To correct for the externality, what should be used?
Oa. A subsidy of $0.20
b. A tax of $0.20
Oc. A subsidy of $0.30
Od. A tax of $0.30
=

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