Economically speaking,it would be socially optimal to chose the level of pollution where the marginal abatement cost is considerably less than the marginal benefit.

Question

Quizplus · Accepted Answer

Economically speaking, it would be socially optimal to choose the level of pollution where the marginal abatement cost equals the marginal benefit, not when one is considerably less than the other. This balance ensures that the cost of reducing pollution further would exceed the benefits gained from such reduction.

Economically Speaking,it Would Be Socially Optimal to Chose the Level