Taxes for Factoring in Negative Externalities
Watch this video to learn how to depict a negative externality from production when the total societal costs of production is not taken into account when producing. A typical example of a negative externality in production is environmental pollution for the case of factories.
Source: Khan Academy, www.khanacademy.org/finance-economics/microeconomics/v/taxes-for-factoring-in-negative-externalities
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Last modified: Wednesday, February 24, 2021, 4:08 PM