Gasoline production creates negative production externality as the social cost

| November 24, 2016

Gasoline production creates negative production externality as the social cost of a gallon of gasoline is much higher than its private cost. Prop 87 of the Nov 7, 2006 election proposes to impose additional tax on California oil producers. Does this tax increase the social welfare of Californians in the long run?

Get a 30 % discount on an order above $ 5
Use the following coupon code:
CHRISTMAS
Order your essay today and save 30% with the discount code: CHRISTMASOrder Now
Positive SSL