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Suppose the health costs local pollution became too high for our class to handle, and we decided to begin an environmental lobbying group to push

Suppose the health costs local pollution became too high for our class to handle, and we decided to begin an environmental lobbying group to push for stronger environmental standards. Suppose we come up with 3 main ways to "internalize an externality." Discuss each. How would you argue to the legislature that they should impose these "regulations." a) Pigouvian tax (include graphical explanation) b) Selling/Auctioning of pollution permits c) Coase theorem

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