Society's marginal cost of pollution abatement curve slopes upward because of the law of
diminishing marginal utility.

Name: Society's marginal cost of pollution abatement curve slopes upward because of the law of diminishing marginal utility.
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Question

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The marginal cost of pollution abatement curve slopes upward due to the law of increasing marginal costs, not diminishing marginal utility. This reflects that as more pollution is abated, the cost of reducing additional units of pollution increases.

Society's Marginal Cost of Pollution Abatement Curve Slopes Upward Because