Solved

Use the Following to Answer Question

Question 155

Multiple Choice

Use the following to answer question:
Figure: Efficiency and Pollution Use the following to answer question: Figure: Efficiency and Pollution   -(Figure: Efficiency and Pollution) Use Figure: Efficiency and Pollution.Assume that firms are the only beneficiaries of pollution and that costs are borne solely by others in the society.If this market produced _____ tons of pollution,then _____. A) 30;it would be efficient B) 45;marginal social cost would be less than marginal social benefit C) 20;marginal social benefit would be less than marginal social cost D) 20;the marginal social benefit would be $7.
-(Figure: Efficiency and Pollution) Use Figure: Efficiency and Pollution.Assume that firms are the only beneficiaries of pollution and that costs are borne solely by others in the society.If this market produced _____ tons of pollution,then _____.


A) 30;it would be efficient
B) 45;marginal social cost would be less than marginal social benefit
C) 20;marginal social benefit would be less than marginal social cost
D) 20;the marginal social benefit would be $7.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents