Homework Answers
If there is a good with external benefits that does not have to be taxed and it has to be subsidized. An external benefit is happens when there is a positive externality and positive externality occurs when the production or consumption activity inflicits an external benefit on the third party.
The negative externality occurs when the production or the consumption activity inflicits an adverse effect on the third party. There is an external cost associated with the negative externality so it has to be internalized for this purpose a taxation policy is used.
Ans: The production of good with external costs.
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