Multiple Choice
Figure 5A
-Refer to Figure 5A. Which of the following is incorrect concerning the figure.
A) There are two polluting firms in this market.
B) These firms employ different emission control technologies.
C) If the emission standard set by government is 100 for all firms, each firm will
would be responsible for cleaning up 100 units of waste.
D) If the emission standard is set at 100, the total waste control cost for these two
firms would be represented by area K + L + N.
Correct Answer:
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