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Economists consider climate change risks due to CO2 emissions as a type of market failure

Economics

Economists consider climate change risks due to CO2 emissions as a type of market failure. (a) Explain the economic benefits to reducing CO2 emissions? (b) What are the economic costs to reduce these CO2 emissions? (c) Use a MB and MC graph to help you explain why economists consider unregulated CO2 emissions a market failure.

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