Solved: How does government decide on amount of pollution to allow, Macroeconomics

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How does government decide on amount of pollution to allow

Assignment

Consider the following questions and answer them and short paragraphs then reply to two of your classmates:

• How much pollution do we get in the absence of pollution controls in the private marketplace? Why?
• How does the government decide on the amount of pollution to allow?
• What are the potential costs and benefits associated with the regulation of pollution?
• What are the potential problems associated with employing outright regulation to deal with pollution?

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Macroeconomics: How does government decide on amount of pollution to allow

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