Which Figure above represents a greater total abatement cost than total damage cost at the socially optimal point of emissions?

Question

Quizplus · Accepted Answer

In figure (b), the intersection of the marginal abatement cost (MAC) and marginal damage cost (MDC) curves occurs at a level of emissions where the MAC curve is above the MDC curve, indicating that the total abatement cost is greater than the total damage cost at the socially optimal point of emissions.

Which Figure Above Represents a Greater Total Abatement Cost Than