Detail with a valid good explanation

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Please answer this question in detail with a valid good explanation.

U.S. policy to increase the miles per gallon (mpg) of new cars is to mandate an average mpg for cars sold by U.S. manufacturers. In many countries within the European Union, the policy is to tax gasoline so that the price per gallon at the pump is stable around $4.50 per gallon. Which policy is more to be successful at the least cost? Explain.

Reference no: EM13892089

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