Producers can be encouraged to internalize external costs by

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Business

Byron Washington

15 December, 03:16

Producers can be encouraged to internalize external costs by

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Lorelai Butler · Answer 1

When external costs are present means that there is a market failure. Pollution control efforts are a must in order to change what and how much is produced Producers can be encouraged to internalize external costs by imposing pollution fines or higher usage fees.