-According to the above figure, if steel mills ignore the cost of pollution, the equilibrium quantity of steel will most likely be
A)Q₁.
B)Q₂.
C)Q₂ - Q₁.
D)none of the above.

Name: -According to the above figure, if steel mills ignore the cost of pollution, the equilibrium quantity of steel will most likely be A)Q₁. B)Q₂. C)Q₂ - Q₁. D)none of the above.
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Question

-According to the above figure, if steel mills ignore the cost of pollution, the equilibrium quantity of steel will most likely be
A)Q₁. 
B)Q₂. 
C)Q₂ - Q₁. 
D)none of the above.

Quizplus · Accepted Answer

The equilibrium quantity of steel will be Q1 because steel mills will produce more steel if they ignore the cost of pollution.

-According to the Above Figure, If Steel Mills Ignore the Cost