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Which of the Following Statements Is Correct About a Market

Question 236

Multiple Choice

Which of the following statements is correct about a market in which pollution is emitted?


A) Both corrective taxes and pollution permits internalize the externality of pollution.
B) Corrective taxes internalize the externality of pollution, but pollution permits do not internalize that externality.
C) Corrective taxes fail to internalize the externality of pollution, but corrective taxes internalize that externality.
D) Neither corrective taxes nor pollution permits internalize the externality of pollution.

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