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1.What is the difference between private and social costs? 2. How can the government intervene to force consumers to internalize external costs associated with: a.
1.What is the difference between private and social costs?
2. How can the government intervene to force consumers to internalize external costs associated with: a. negative externalities? b. positive externalities?
3. Would a tax on prescription drugs be more likely to be progressive or regressive? Why?
4. Is the tax system of America, a fair system? Why? (your explanation should be at least 200 words in length)
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