E162envireconomics - EnvironmentalEconomics 15:39...

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Environmental Economics 15:39 Two basic concepts: Externalities Impacts experience that by something in a transaction Cost-benefit analysis The idea: is that there is some beneficial points to pollution because what we get in  return helps us more than the little affect had on the environment $$                                  Marginal damage                                    Marginal Savings                        Quantity pollution when there is no price, the company operates at the bottom as if the price is zero idea  of govt regulation: is to impose some type of price on the level of production make the company incur this price into their profit regulation we don’t want no pollution but also not all the way at the end having so much pollution want a middle so they can
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This document was uploaded on 10/27/2011 for the course SPEA-E 162 at Indiana.

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E162envireconomics - EnvironmentalEconomics 15:39...

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