Use the following to answer questions:
Figure: Efficiency and Pollution
-(Figure: Efficiency and Pollution) Look at the figure Efficiency and Pollution. If this market produced _____ tons of pollution, then _____.
A) 30; it would be efficient
B) 45; marginal social cost would be less than marginal social benefit
C) 20; marginal social benefit would be less than marginal social cost
D) 20; the marginal social benefit would be $7.
Correct Answer:
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Q143: Use the following to answer questions:
Figure: Efficiency
Q144: Use the following to answer questions:
Figure: Efficiency
Q145: Use the following to answer questions:
Figure: Model
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Figure: The
Q147: Use the following to answer questions:
Figure: Efficiency
Q149: Use the following to answer questions:
Figure: MSB
Q150: Use the following to answer questions:
Figure: Efficiency
Q151: Use the following to answer questions:
Figure: MSB
Q152: Use the following to answer questions:
Figure: Efficiency
Q153: Use the following to answer questions:
Figure: Efficiency
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