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In two or thee sentences, define an externality and explain how the government ensures that companies take responsibility for negative externalities
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In two or thee sentences, define an externality and explain how the government ensures that companies take responsibility for negative externalities

User Richard Poirier
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Government can play a role in reducing negative externalities by taxing goods when their production generates spillover costs. This taxation effectively increases the cost of producing such goods.
User Kschins
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