Economists believe that there are more efficient ways to deal with pollution than with environmental standards because these standards do NOT:
A) reduce pollution enough.
B) allow reductions in pollution to be achieved at minimum cost.
C) internalize the externality.
D) provide for any means of enforcement.

Question

Quizplus · Accepted Answer

Environmental standards often do not allow for pollution reductions to be achieved at minimum cost because they typically mandate specific technologies or limits rather than allowing firms to find the most cost-effective way to reduce pollution.

Economists Believe That There Are More Efficient Ways to Deal