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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 29
From an economic viewpoint, the optimal amount of pollution
A) is zero because all pollution imposes costs on society.
B) is that amount firms create when they maximize economic profits by setting their marginal private costs equal to market price.
C) is that amount where the marginal social costs of producing a good precisely equals the price of the good.
D) Both answers b and c are correct.
A) is zero because all pollution imposes costs on society.
B) is that amount firms create when they maximize economic profits by setting their marginal private costs equal to market price.
C) is that amount where the marginal social costs of producing a good precisely equals the price of the good.
D) Both answers b and c are correct.
Explanation
Verified
Verified
Thus the c...
Economics for Today 9th Edition by Irvin Tucker
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