2. What fairness issues arise when producers are required to take social or environmental costs into account

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2. What fairness issues arise when producers are required to take social or environmental costs into account in their decision making? For example, suppose that Gail is just barely making ends meet, using proceeds from the sale of her farm’s output to feed and house her family—while the neighbors who are suffering the consequences of runoff from her fertilizer applications are mostly beer off than she is. Should government policies take this into consideration? Who should make su a decision?

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Microeconomics In Context

ISBN: 9781138314566

4th Edition

Authors: Neva Goodwin , Jonathan M. Harris, Julie A. Nelson , Pratistha Joshi Rajkarnikar , Brian Roach , Mariano Torras

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