(See related pages)
After reading this chapter you should be able to
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Understand how to use marginal analysis to answer the question of how clean is clean enough. |
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Use the concept of externalities to explain why pollution warrants government intervention in the market. |
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See why pollution is much more likely to occur on publicly owned property than on private property. |
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Understand the variety of environmental problems that exist in the world as well as the economic solutions that exist to address these problems. |