What are you satisfied of the pollution cost by industries
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Answer:
Economic production can cause environmental damage. This tradeoff arises for all countries, whether high-income or low-income, and whether their economies are market-oriented or command-oriented.
An externality, sometimes called a spillover, occurs when an exchange between a buyer and seller has an impact on a third party who is not part of the exchange. Externalities can be positive or negative.
Market failure is when the market does not allocate resources on its own efficiently in a way that balances social costs and benefits; externalities are one example of a market failure.
Social costs are costs that include both the private costs incurred by firms and also additional external costs incurred by third parties outside the production process.
Answer:
Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you ...