College Paper Writing Service-Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.

College Paper Writing Service-Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.

Explain why equilibrium of supply and demand is desirable.

Explain the following concepts      using the concept of consumer and producer surplus:

Efficiency of markets

Costs of taxation

Benefits of international       trade

Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.

Analyze the difference between      the efficiency of a tax system and the equity of a tax system as it refers      to the costs imposed on taxpayers using the benefits principles.

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