By setting a common standard for all firms,government can take the cost of pollution control out of competition.

Question

Quizplus · Accepted Answer

When a common standard for pollution control is set for all firms, it takes the cost of compliance out of competition. This is because all firms have to bear the same costs of pollution control, and none of them can gain a competitive advantage by cutting corners and avoiding those costs. This levels the playing field and promotes fair competition based on other factors, such as price, quality, and innovation.

By Setting a Common Standard for All Firms,government Can Take