Suppose That the Production of Roses Generates a Positive Externality

question 63

Multiple Choice

Suppose that the production of roses generates a positive externality in that travelers enjoy the scenic beauty of the garden.An appropriate government policy yielding the efficient outcome would be a:

• A)Pigouvian tax.
• B)Pigouvian subsidy.
• C)system of rose-production permits.
• D)reduction in transaction costs.

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