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The pollution from such a car is undeniably an externality. Just Google "is pollution an externality". The less efficient engine itself is not because it is pr
by pjvsvsrtrxc 4y ago
The pollution from such a car is undeniably an externality. Just Google "is pollution an externality".
The less efficient engine itself is not because it is priced in. Because the government made them put it on the window of every single car sold.
- wbsss4412 4y ago“Priced in” means that the full social cost is reflected in the price. A window sticker is not “pricing in” the externality.