Explain the command-and-control approach in dealing with an externality such as pollution
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Briefly explain the command-and-control approach in dealing with an externality such as pollution. Give an example of the U.S. government using the command-and-control approach to deal with the pollution problem. Text: Essentials of Economics 4th Edition, 2015 ISBN-13: 9780133543391 Author: R. Glenn Hubbard and Anthony Patrick O’Brien Publisher: Pearson
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