Are the following statements true or false? Explain why
a. If your consumption of cigarettes produces negative externalities for your partner (which you ignore), then you are consuming more cigarettes than is Pareto efficient.
b. It is generally efficient to set an emission standard allowing zero pollution.
c. A tax on cigarettes induces the market for cigarettes to perform more efficiently.
d. A ban on smoking is necessarily efficient.
This question was asked on Sep 09, 2012 and answered on Sep 10, 2012.
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