-Refer to the Diagram Above

question 85

Multiple Choice

-Refer to the diagram above.Assume that a Coase theorem solution (private negotiation) is impractical.The efficient equilibrium could be achieved by

• A) banning production of the good.
• B) compensating those injured by the externality.
• C) taxing the good by an amount equal to the external cost.
• D) subsidizing the good by an amount equal to the external benefit.
• E) informing the public of the external cost produced by production of the good.

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