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Author Question: The diagram below shows the marginal costs of pollution abatement for two firms, Firm 1 and Firm ... (Read 62 times)

jrobl3

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on: Oct 12, 2022

The diagram below shows the marginal costs of pollution abatement for two firms, Firm 1 and Firm 2.



FIGURE 17-5

Refer to Figure 17-5. Suppose each firm is currently abating pollution to the level Q3. Which of the following statements is true?


◦ This outcome is not allocatively efficient because less than 100% abatement is being achieved.
◦ This outcome is not productively efficient because the total cost of achieving this level of abatement is not minimized.
◦ This outcome is not productively efficient because one firm is abating more pollution than the other.
◦ This outcome is efficient because both firms are abating the same amount.
◦ This outcome is not allocatively efficient because the marginal benefits and marginal costs of abatement are not equated.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jrobl3 on Oct 12, 2022

KAyteeBee1129

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jrobl3

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

ultraflyy23

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Reply 3 on: Yesterday
Excellent

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