The socially optimal level of pollution control occurs where the marginal:

Question

Quizplus · Accepted Answer

The socially optimal level of pollution control occurs where the cost of pollution control equals the marginal cost of pollution. This means that the cost of reducing pollution is equal to the cost of the harm caused by pollution. At this level, any additional pollution control would cost more than it would benefit, and any less pollution control would result in more harm than the cost of reducing it. This balance of costs and benefits is the socially optimal level of pollution control.

The Socially Optimal Level of Pollution Control Occurs Where the Marginal