-According to the above figure, if steel mills ignore the cost of pollution, the equilibrium quantity of steel will most likely be

Name: -According to the above figure, if steel mills ignore the cost of pollution, the equilibrium quantity of steel will most likely be A) Q 1 . B) Q 2 . C) Q 2 - Q 1 . 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