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Figure: Efficiency and Pollution
-(Figure: Efficiency and Pollution) Use Figure: Efficiency and Pollution.Assume that firms are the only beneficiaries of pollution and that costs are borne solely by others in the society.If this market produced _____ tonnes of pollution,then _____.
A) 30;it would be efficient
B) 45;marginal social cost would be less than marginal social benefit
C) 20;marginal social benefit would be less than marginal social cost
D) 20;the marginal social benefit would be $7
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Figure: MSB
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Figure: MSB
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Figure:
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Figure: Model
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Figure: The
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Figure:
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Figure: MSB
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Figure: Model
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Figure: Efficiency
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Figure: The
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