In general,the economist's view on allocating resources to reduce pollution is that
A) it is not allocatively efficient to reduce pollution.
B) the reduction of pollution should proceed up to the point where the marginal cost of pollution reduction equals the marginal benefit to society.
C) the extent of pollution reduction should be based only on a comparison of total costs and total benefits to the environment.
D) all forms of water and air pollution should be eliminated.
E) government policies to reduce pollution have zero opportunity cost.
Correct Answer:
Verified
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Q7: The diagram below shows the marginal cost
Q8: Suppose the government imposes an emissions tax
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Q10: The figure below shows the marginal benefit
Q11: The figure below shows the marginal benefit
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