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Competitive Strategies And Government Policies Essay

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Competitive Strategies and Government Policies

Externalities are defined as decisions of consumption, production and investment made by individuals or businesses that affect third parties not involved directly in the transactions. The governments intervene in the economy to deal with externalities. Pollution is the most common examples of the negative effects of externalities. Some companies make decisions based on the costs and benefits without considering the indirect costs accepted by the victims of pollution generated a negative exte...

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