Problem

What are the three problems that economists have …

02:01

Problem 18 Medium Difficulty

What is command-and-control environmental regulation?

Answer

Command-and-control environmental regulation limit the amount of pollution that could be
emitted in the economy by firms. It forces firms to install equipment which would reduce the
amount of pollution produced while production which means the firms now have to factor the
social costs also in their production costs.

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Principles of Microeconomics for AP® Courses

Chapter 12

Environmental Protection and Negative Externalities

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Video Transcript

what is command and control, regulation, command and control regulation. Reverse to the government acting to fix a negative externality, and this is specifically of the in the context of the environment. So we'll have to supply curve the demand curve. Uh, and then we'll also have, uh, supply lost the social cost. Here we have a room price, and here we have our quantity. So normally, when the supporter of shifts too little to the left that symbolizes some form of market control or market regulation where the firm is forced to, um, there's Tax Minister, something happens. And the firm's supply curve shifts and commanding control regulation of government agents such as the E P. A or the federal government themselves or a particular state government regulates the quantity of which I certain Fermin produced normally this horny said about the market and buy one control. Uh, the present quality goes top. Now the next thing you know, but not in a command and control structure. What happens is that the government sets regulation as to how much a producer can produce. So we have quantity, we have the price, and over here, and so instead of shipping the supply curve using taxes, the government will just set a cap at the quantity they want. Max is this cruise. It's a dead weight loss in innocent in a sense. And that's what Commander Control regulation is vs, uh, tax control or market control regulation. They're both they They're both come from the government, however, and they serve quite the same purpose. How are they function differently? This is more like a hard line where says this is using the market and doing the grafts to get the desired quantity.

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