The diagram below shows the marginal cost of pollution abatement for two firms,Firm X and Firm Y.
FIGURE 17- 4
-Refer to Figure 17- 4.Ignore the horizontal line at t.The optimal amount of pollution abatement for these two firms together is

Question

The diagram below shows the marginal cost of pollution abatement for two firms,Firm X and Firm Y.
  FIGURE 17- 4
-Refer to Figure 17- 4.Ignore the horizontal line at t.The optimal amount of pollution abatement for these two firms together is

Quizplus · Accepted Answer

The optimal amount of pollution abatement cannot be determined without knowing the marginal benefit of abatement, as it is necessary to balance the marginal costs and benefits for optimal decision-making.

The Diagram Below Shows the Marginal Cost of Pollution Abatement