Use the following to answer questions :
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 the government imposed an environmental standard that did NOT allow the quantity of pollution to exceed 30 tonnes,there would be:
A) a socially optimal quantity of pollution.
B) too little pollution because its marginal social benefit would exceed its marginal social cost.
C) too much pollution because its marginal social cost would exceed its marginal social benefit.
D) too much pollution because any pollution is too much from an economist's perspective.

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Use the following to answer questions :
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 the government imposed an environmental standard that did NOT allow the quantity of pollution to exceed 30 tonnes,there would be:
A) a socially optimal quantity of pollution. 
B) too little pollution because its marginal social benefit would exceed its marginal social cost. 
C) too much pollution because its marginal social cost would exceed its marginal social benefit. 
D) too much pollution because any pollution is too much from an economist's perspective.

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The Answer of Use the following to answer questions :
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 the government imposed an environmental standard that did NOT allow the quantity of pollution to exceed 30 tonnes,there would be:
A) a socially optimal quantity of pollution. 
B) too little pollution because its marginal social benefit would exceed its marginal social cost. 
C) too much pollution because its marginal social cost would exceed its marginal social benefit. 
D) too much pollution because any pollution is too much from an economist's perspective.

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