Congressman Murphy made the following proposal: "We should establish policies that completely eliminate air pollution. This is the only way to ensure that none of our citizens suffers the negative effects of air pollution." If Congressman Murphy's proposal was adopted and all forms of air pollution were eliminated, which of the following would be true?

Question

Quizplus · Accepted Answer

Eliminating all air pollution would likely result in the marginal cost of further reductions exceeding the marginal benefit, as some level of pollution might be economically efficient.

Congressman Murphy Made the Following Proposal: "We Should Establish Policies