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The senior economists are stubborn and they design a proposal to improve public health regardless. They recommend either a Pigouvian tax or a Pigouvian subsidy
The senior economists are stubborn and they design a proposal to improve public health regardless. They recommend either a Pigouvian tax or a Pigouvian subsidy but they are indif- ferent because both Pigouvian taxes and Pigouvian subsidies always improve social welfare. Try to convince them that this is not correct.
note : draw a graph to provide and example
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