The concept of the "best" level of pollution suggests that:
A)increased concerns about pollution control shifted the marginal social cost curve to the left.
B)the opportunity cost of reducing pollution may sometimes exceed the benefit.
C)unregulated markets generally reduce pollution to efficient levels with marginal social cost equal to marginal social benefit.
D)none of the above

Question

The concept of the "best" level of pollution suggests that:
A)​increased concerns about pollution control shifted the marginal social cost curve to the left.
B)​the opportunity cost of reducing pollution may sometimes exceed the benefit.
C)​unregulated markets generally reduce pollution to efficient levels with marginal social cost equal to marginal social benefit.
D)​none of the above

Quizplus · Accepted Answer

The concept of the "best" level of pollution recognizes that while reducing pollution is desirable, it comes at a cost. In some cases, the cost of reducing pollution (opportunity cost) may exceed the benefit, suggesting that the "best" level of pollution is not zero. This concept challenges the assumption that all pollution is bad and that reducing it to zero is always the optimal solution.

The Concept of the "Best" Level of Pollution Suggests That