Technology-based standards are frequently used in the context of regulating water pollution,but they will be cost-effective only if all the regulated plants in each category ________.

Question

Quizplus · Accepted Answer

In order to be cost-effective, all the regulated plants in each category need to have exactly the same marginal abatement costs, as technology-based standards rely on a uniform standard for compliance. If some plants have higher abatement costs, they may face higher compliance costs and may opt to shut down or move to a different jurisdiction with less stringent standards, which could undermine the effectiveness of the regulation. Therefore, it is important to ensure that the regulated plants' abatement costs are as similar as possible to maximize the efficiency and effectiveness of the technology-based standards.

Technology-Based Standards Are Frequently Used in the Context of Regulating