e. Suppose that all fishers just consider their own profit but that the government has imposed the
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e. Suppose that all fishers just consider their own profit but that the government has imposed the Pigouvian per-net tax you derived in (d). Write down the fisher’s optimization problem and illustrate its implications for the overall level of N. Does the Pigouvian tax achieve the efficient outcome?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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