Question 23 {1.25 points] l.ll'hich of the following describes the effect of an optimal tax on pollution? O producers internalize the cost of the pollution
Question 23 {1.25 points] l."ll'hich of the following describes the effect of an optimal tax on pollution? O producers internalize the cost of the pollution O producers choose not to produce anyr pollution O a benevolent social planner is able to maximize production 0 the value to consumers at market equilibrium exceeds the cost of production [including taxi Question 24 (1.25 points) Ten friends decide to share some pizzas. They also decide that, when the bill comes, they will split it evenly amongst them. When the pizza arrives, each person faces incentives similar to do which of the following? O consumption of a club good O production of a private good O production of a public good O consumption of a common resource good
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