In a free market with pollution and no government intervention,the market equilibrium quantity of pollution reduction is reached when:
A) pollution reduction is zero.(No pollution is reduced.)
B) the social marginal cost of reduction equals twice the marginal benefit of reduction.
C) the social marginal benefits of reduction equal its social costs.
D) the social marginal benefits of reduction equal its social marginal costs.
Correct Answer:
Verified
Q44: People who live on the edge of
Q45: Suppose government wants to get the amount
Q46: A subsidy on the production of education
Q47: If the social marginal benefit curve of
Q48: Suppose government subsidized the consumption of education
Q49: If government knows the private and social
Q51: Suppose your neighbor enjoys riding around his
Q52: A government payment to an individual or
Q53: When firms in a polluting industry have
Q54: Suppose your town wishes to build a
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