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Izzy122 Izzy122
wrote...
Posts: 437
4 years ago

Question 1.

When Airbnb customers in Malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency. This would have a tendency to



increase consumer surplus and increase producer surplus.



maximize consumer surplus and minimize producer surplus.



decrease consumer surplus and increase deadweight loss.



decrease producer surplus and decrease deadweight loss.



Question 2.

In the past the federal government often employed what is called a "command-and-control" approach to the reduction of pollution emissions. Many economists are critical of this approach because



it does not lead to significant reductions in pollution.



the "command-and-control" approach is designed to help firms at the expense of consumers.



they believe a market-based approach will reduce pollution more efficiently.



the "command-and-control" approach leads to negative externalities.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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Answer verified by a subject expert
DWFG2796DWFG2796
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Posts: 368
4 years ago
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Izzy122 Author
wrote...

4 years ago
Thanks
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
Thanks for your help!!
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