The main advantage of using market- based schemes for reducing pollution is that they
A) minimize the difference between total cost and total benefit.
B) maximize the difference between marginal cost and marginal benefit.
C) lead to a more efficient use of scarce resources.
D) improve the moral fibre of producers and consumers.
E) lead to greater fairness in the distribution of resources.
Correct Answer:
Verified
Q26: When an external cost associated with the
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Q30: The figure below shows the demand and
Q32: The diagram below shows the marginal cost
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