When a profit-maximizing firm is confronted with an effluent charge, it would be in its
best interests to treat its waste whenever the cost of treating an additional unit of waste
was more than the effluent tax.
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Q4: Enforcement of environmental standards is usually a
Q5: If public authorities set an emission standard
Q6: Emission standards adhere to the polluter pays
Q7: A drawback of emission standards is that
Q8: Emission standards tend to perform well in
Q10: The optimal effluent charge is attained any
Q11: When control costs turn out to be
Q12: Environmental regulations operate purely on a command-and-control
Q13: The double dividend feature of pollution tax
Q14: The total cost of pollution control is
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