19.5 Suppose a monopoly produces a harmful externality. Use the concept of consumer surplus in a partial
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19.5 Suppose a monopoly produces a harmful externality. Use the concept of consumer surplus in a partial equilibrium diagram to analyze whether an optimal tax on the polluter would necessarily be a welfare improvement.
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Microeconomic Theory Basic Principles And Extension
ISBN: 9781111525538
11th Edition
Authors: Walter Nicholson, Christopher M. Snyder
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