Explain the economic case for social regulation that is based upon externalities. What is the meaning attached to market failure in this context?

Give an example of a good or service that should not be allocated entirely by a free, unregulated market.  Explain your reasoning.

Which of the following are examples of Command and Control policies on regulating externalities?

Which among the following is true about social regulations? Select one: a) None of the answers are correct b) It intrudes into the firm's day-to-day production process to a greater extent than industrial regulation c) It dictates the design of products and the nature of the production process d) All of the answers are correct e) It replies to far more firms than industrial regulations

Name and explain in detail two mechanisms through which the market for corporate control operates.

Environmentalists in Tennessee brought suit against the Champion Paper Company of North Carolina for polluting the Pigeon River, which flows from North Carolina into eastern Tennessee. Tennessee claimed that the coffee-colored water smelled bad and would not support fishing or swimming. Environmentalists requested that the river be restored to its pristine state, or the water quality it had before the coming of industry. The Environmental Protection Agency (EPA) heard the suit and applied an efficiency standard. In other words, the EPA set limits on how much pollution the paper company could release (though this number was not zero). Adjust the following graph to indicate the negative externality. PRICE (Dollars per sheet) 2 1 10 9 Supply Demand 8 0 0 1 2 Demand 7 9 10 5 3 4 QUANTITY (Sheets of paper) Supply When the EPA imposes standards on the paper company, the quantity of paper produced will company will . The new equilibrium price is $ , and the price of paper from this per sheet…

Suppose that the government instituted a per-unit tax on the output of a monopoly firm. A. graph this situation? B. On the same graph show what would happen to the market equilibrium after implementation of such a tax? C. On the same graph how would you show which economic actor pays most of the tax? You are to not only draw the graph but also explain the answer

Sales tax liquor and cigarettes as a way to regulate usage? True or false

why should regulatory regimes be proportionate and real time