Answer the next four questions based upon the following diagram.

-If a community uses benefit-cost analysis in order to achieve the optimal reduction of waste emissions:
A) it should select a point such as H where marginal social benefits exceed marginal social costs
B) it should select any level where net benefits are positive
C) it should extend emission reduction to where marginal benefits are zero
D) it should equate marginal benefits with marginal cost and select level OD of emission reduction
Correct Answer:
Verified
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Q48: An internal cost refers to:
A) direct production
Q49: An external cost refers to:
A) direct production
Q51: Answer the next four questions based upon
Q52: Answer the next four questions based upon
Q53: Answer the next four questions based upon
Q54: The theorem describe by Ronald Coase suggests
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