How do such policies impact product price and industry

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Reference no: EM13151910

Internalizing the cost of negative externalities means that we try to set policies that require each product to include the full costs of its negative spillovers in its price. How do such policies impact product price and industry output and employment? Are these kinds of policies easy to implement in practice? How has globalization of production affected our ability to control pollution?

Reference no: EM13151910

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