-The above figure shows the marginal benefit to a firm of polluting in the local river while producing its output,and the marginal cost to the surrounding neighbors.The marginal cost of production is zero for the firm.If the firm owns the river and there are thousands of surrounding neighbors,how much pollution is likely to occur?
A) 0 units
B) 500 units
C) 1000 units
D) more than 1000 units
Correct Answer:
Verified
Q74: Q75: A tax on a previously untaxed monopoly-produced Q76: Suppose two neighbors share a park.One neighbor,Al,leaves Q77: If a product provides a positive externality,a Q78: Suppose two neighbors share a park.One neighbor,Al,leaves Q80: Monopolizing the sale of liquor Q81: A firm operates and produces pollution that Q82: Which of the following is NOT a Q83: The Commons Problem arises because Q84: A common resource is best described as
A) can lead
A) firms don't
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents