With pollution control costs, there will be no difference between private and social costs.

Name: With pollution control costs, there will be no difference between private and social costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When pollution control costs are factored in, private costs will include the cost of controlling pollution, and thus will equal social costs, which include all costs, including external costs to society. Therefore, there will be no difference between private and social costs.

With Pollution Control Costs, There Will Be No Difference Between