Governments often impose taxes on the emission of specific p
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Governments often impose taxes on the emission of specific pollutants, such as the carbon tax discussed in Section 16.3.
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Governments often impose taxes on the emission of specific pollutants, such as the carbon tax discussed in Section 16.3. What is the relationship between the short-run effect and the long-run effect of such a tax on the quantity of pollution emitted? What is the relationship between the revenue collected by such a tax in the short run versus in the long run? Explain.
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