If smoking generates external costs, should smoking simply be outlawed? How about cars that pollute?

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Intermediate Financial Management

ISBN: 978-1111021573

10th Edition

Authors: Brigham, Daves

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Question Posted: Mar 01, 2017 01:09 PM

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President Obama vetoed the Keystone XL pipeline because it entailed external costs (News Wire "External Costs"). Should any activity that generates external costs be prohibited?
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If smoking generates external costs, should smoking simply be outlawed? How about cars that pollute?

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Its a known fact that smoking generates external costs The government now spends over 500 billio...View the full answer

Intermediate Financial Management

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