The diagram below shows the marginal costs of pollution abatement for two firms,Firm 1 and Firm 2.
FIGURE 17-5
-Refer to Figure 17-5.Suppose the government requires that each firm abate pollution to the level Q3.The outcome would be efficient because
A) the marginal costs of abatement are equated for the two firms.
B) the maximum amount of pollution is being abated at the lowest cost.
C) the marginal cost and marginal benefit of pollution abatement are equated.
D) all of the above.
E) none of the above; the outcome would be inefficient.
Correct Answer:
Verified
Q65: The banning of wood-burning stoves and fireplaces
Q66: The table below shows the marginal costs
Q67: The table below shows the marginal costs
Q68: Federal regulation aimed at reducing greenhouse-gas emissions
Q69: The diagram below shows the marginal costs
Q71: Consider two firms,A and B,that must engage
Q72: Two firms,A and B,are legally required to
Q73: Which of the following environmental problems would
Q74: The diagram below shows the marginal cost
Q75: Automobile emissions standards are an example of
A)direct
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents