1.Renewable energy is cleaner for our planet.Yet, when businesses or individuals make a decision in terms of solar vs. traditional energy, they tend to care more about direct cost and product prices, hence totally ignoring costs on society and environment.

2.Is there a way for the free markets to solve this "social cost" problem?

3.Can the free market provide a solution to social cost? Although the free market

4.Can the free market provide a solution to social cost? Although the free market

5.Do you think policymakers can help alleviate the problem by setting rules?Explain.

6.Explain the type of policies that can be implemented.

7.Compare and contrast energy from solar or renewable vs. (ii) fossil fuels in terms of marginal and fixed costs. How do these costs factor into the prices we observe in the marketplace? Explain.