Macroeconomics

Learn the toughest concepts covered in your Macroeconomics class with step-by-step video tutorials and practice problems.

Externalities

Public Solutions to Externalities

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Public Solutions to Externalities:Command-and-Control Policies and Corrective Pigovian Taxes and Subsidies

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Public Solutions to Externalities:Quantity Limits

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Problem

Use this diagram to answer the following questions. PD is private demand. SD is social demand. 

Based on the figure above, an unregulated market would produce: 

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Problem

Use this diagram to answer the following questions. PD is private demand. SD is social demand. 

The figure above contains: 

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Problem

Use this diagram to answer the following questions. PD is private demand. SD is social demand. 

A per-unit _______________________ would result in the production of the socially optimal quantity.