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5). London Transportation What is the purpose, in microeconomic terms, of charging all cars that enter inner London, England, a 12 pound ($20 toll or
5). London Transportation
What is the purpose, in microeconomic terms, of charging all cars that enter inner London, England, a 12 pound ($20 toll or tax) for entry into the city? Under what circumstances would microeconomics support this policy? Mention a different solution to achieve the same outcome as the toll. Which solution would micro prefer? (You must provide some graphs here)
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