When Monique drives to work every morning, she drives on a c…

When Monique drives to work every morning, she drives on a congested highway. What Monique does not realize is that when she enters the highway each morning she increases the travel time of all other drivers on the highway. What type of good is the best to categorize the highway?

Berkeley, California, is the first US jurisdiction to succes…

Berkeley, California, is the first US jurisdiction to successfully place an excise tax on sugar-sweetened beverages, with the dual goals of reducing consumption and raising revenue for efforts to prevent obesity and diabetes. How does the research we examined in class measure the impact of the tax on the prices of sugar-sweetened beverages?

Screenshot 2024-03-20 at 12.29.49 PM.png Refer to Figure 2….

Screenshot 2024-03-20 at 12.29.49 PM.png Refer to Figure 2. Suppose the market is in equilibrium. Next, suppose that the sellers of laptops ask for assistance from the government. Specifically, they would like to charge a price higher than the market equilibrium price. To be effective (binding), the government would enact a __________.

When Monique drives to work every morning, she drives on a c…

When Monique drives to work every morning, she drives on a congested highway. What Monique does not realize is that when she enters the highway each morning she increases the travel time of all other drivers on the highway. In this case, the external cost of Monique’s highway trip