One example of a market based policy which explains why economists generally prefer market based policy is:
- They give great flexibility so that new products can adopt them and reduce the problems in the environment
According to the given question, we are asked to provide an example of a market based policy which explains why economists generally prefer market based policy.
As a result of this, we can see that a market based solution is one where a new idea is used to protect the environment in a cost effective and affordable way.
With this in mind, these helps to make the environment better at an affordable cost
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