The federal government regulates how much carbon dioxide a factory can emit. This statement best represents...

The federal government regulates how much carbon dioxide a factory can emit. This statement best represents this economic concept:

	Resources are scarce.
	Markets usually lead to efficiency.
	When markets don't achieve efficiency, government intervention can improve society's welfare.
	“How much” is a decision at the margin.

Expert Solution

Ans) the correct option is c) When markets don't achieve efficiency, government intervention can improve society's welfare.

Rahul Sunny answered 3 years ago

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