Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Is it always necessary for government to intervene and internalize the profit and the cost externalities? Illustrate your answer using a real world example. provide work cited in apa. a minimum of 1...

1 answer below »
Is it always necessary for government to intervene and internalize the profit and the cost externalities? Illustrate your answer using a real world example.
provide work cited in apa. a minimum of 1 paragraph
Answered Same Day Dec 25, 2021

Solution

David answered on Dec 25 2021
111 Votes
There are externalities associated with the consumption of certain products and services as
they have a significant external impact which the market fails to capture in their prices. In
such cases, it is imperative for the government to intervene in the market to co
ect this
market place as these failures are rarely co
ected by the market. The market is essentially
driven by profits...
SOLUTION.PDF
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Attach File