Use the following diagram to answer the following questions.

-Refer to Gallons. The quantity produced if oil refiners (producers) were given property rights to the environment that would be:

Question

Use the following diagram to answer the following questions.
 
-Refer to Gallons. The quantity produced if oil refiners (producers) were given property rights to the environment that would be:

Quizplus · Accepted Answer

If oil refiners (producers) were given property rights to the environment, they would have the incentive to reduce pollution because they would be liable for any damages caused by their pollution. This would lead to a decrease in pollution and an increase in the quantity of oil produced.

Use the Following Diagram to Answer the Following Questions