Figure 10-11
-Refer to Figure 10-11.This graph shows the market for pollution when permits are issued to firms and traded in the marketplace.In the absence of a pollution permit system,the quantity of pollution would be
A) 25
B) 50
C) 75
D) 100

Question

Figure 10-11 
-Refer to Figure 10-11.This graph shows the market for pollution when permits are issued to firms and traded in the marketplace.In the absence of a pollution permit system,the quantity of pollution would be
A) 25 
B) 50 
C) 75 
D) 100

Quizplus · Accepted Answer

Without a pollution permit system, firms would emit 100 units of pollution (the intersection of the marginal social cost and the demand curves).

Figure 10-11 -Refer to Figure 10-11.This Graph Shows the Market for Pollution