Marginal abatement cost curves tend to fall over time if polluters are regulated by a technology-based standard.

Question

Quizplus · Accepted Answer

Marginal abatement cost curves tend to fall over time due to technological innovation and economies of scale, but a technology-based standard, by specifying particular technologies, may inhibit flexibility and innovation, potentially keeping costs from falling as quickly as they might otherwise.

Marginal Abatement Cost Curves Tend to Fall Over Time If