If a producer must pay the cost of his or her pollution because property rights have been assigned, then
A) pollution will be completely eliminated.
B) the supply curve will shift rightward as the new costs are added.
C) the supply curve will shift leftward as the new costs are added.
D) consumers will now consume more of the good because the external costs are reduced.
E) there is no longer any marginal benefit from the good or service being produced.
Question 2
In the United States the system most generally used for assigning tasks and distributing benefits
A) employs continuing bids and offers among individuals.
B) operates without the use of money prices.
C) presupposes shifting and uncertain property rights or rules of the game.
D) takes the place of the supply-and-demand process.
E) was designed by the authors of the Federal Constitution.
Mutations caused by air pollution.
The five rights of delegation
Point Sources of Pollution
The Counteroffensive on Air Pollution
Typical Startup Cost Categories
Lawn Fertilizer and Water Pollution