In the case of a negative externality what kind of government policies can be used to achieve the social optimum? Critically analyze and compare these policies. Use government reports, journal articles and news stories to support your answer.
Public Sector Economics 750 words for each question. Provide correct citations for each resource where the examples are coming from. Question 1 Government intervention in a market economy is justified by market failure. Briefly explain in what way markets can fail and what kind of activities should be performed by the state to address these … Read more