If the EPA does implement its plan to enact tougher limits on smog-forming ozone,________ would bear more of the external cost of pollution and the gap between the marginal private cost of pollution and the marginal social cost of pollution would ________.

Question

Quizplus · Accepted Answer

Producers would bear more of the external cost of pollution, and the gap between the marginal private cost and the marginal social cost of pollution would narrow because the tougher limits would internalize more of the external costs.

If the EPA Does Implement Its Plan to Enact Tougher