midnite maniac
New member
In each of the following situations, explain how government intervention could improve society’s welfare by changing people’s incentives. In what sense is the market going wrong?
a. Pollution from auto emissions has reached unhealthy levels.
b. Everyone in Woodville would be better off if streetlights were installed in the town. But no individual resident is willing to pay for installation of a streetlight in front of his or her house because it is impossible to recoup the cost by charging other residents for the benefit they receive from it.
I know I asked a question already previously....but this is the other one I had troubles with....once I get them done I can finally go to bed
Can someone please help me out on this??? Please! and Thank you everyone. I have been stuck on this, and trying to find this in the reading is impossible, I been searching for a few days so I can finally get it done.
a. Pollution from auto emissions has reached unhealthy levels.
b. Everyone in Woodville would be better off if streetlights were installed in the town. But no individual resident is willing to pay for installation of a streetlight in front of his or her house because it is impossible to recoup the cost by charging other residents for the benefit they receive from it.
I know I asked a question already previously....but this is the other one I had troubles with....once I get them done I can finally go to bed
Can someone please help me out on this??? Please! and Thank you everyone. I have been stuck on this, and trying to find this in the reading is impossible, I been searching for a few days so I can finally get it done.