Question
What externalities exist in the market for clothing? 1. I need to identify at least one externality for the market of clothing (whether it is
What externalities exist in the market for clothing?
1. I need to identify at least one externality for the market of clothing (whether it is good or bad).
2. I also need to explain how/why this externality is created as a result of the trade of clothing.
3. Also, I need to know what public policies could possibly be in place currently in NC or the US to address this externality?
b. If therearepolicies, are they command-and-control, corrective taxes or subsidies, and/or market-based?
c. If there are not policies currently in place, what policies would you recommend to achieve the social optimum?
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