Business
Business, 18.12.2019 22:31, ptrlvn01

For conventional industrially produced food, society decides negative environmental costs (i. e. non-point source pollution) and negative social costs (i. e. deaths from e. coli) need to be internalized in the market price of conventional food. if these negative externalities are accounted for (i. e. internalized), what is the old equilibrium point and what happens to the market supply for conventional food after accounting for these externalized costs? assume conventional food companies are directly taxed.

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