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Question 3 (10 marks) Why do market economies struggle to achieve environmentally friendly outcomes? What are the possible strategies that can be used by the

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Question 3 (10 marks) Why do market economies struggle to achieve environmentally friendly outcomes? What are the possible strategies that can be used by the government to reduce the amount of carbon emissions in the economy? Discuss the strengths and weaknesses of each strategy. Provide appropriate diagrams and statistical evidence to support your answer. (500 words, 10 marks)

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