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Author Question: The figure below shows the demand and supply curves for pollution abatement for a firm.FIGURE ... (Read 69 times)

abcdef9106

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The figure below shows the demand and supply curves for pollution abatement for a firm.



FIGURE 17-3

Refer to Figure 17-3. The MC curve in this diagram is upward sloping because


◦ the marginal benefit from a given amount of abatement will be higher, the higher the level of pollution abated.
◦ the marginal cost of additional units of pollution abatement is decreasing.
◦ the marginal damage generated by additional units of pollution is decreasing.
◦ the marginal benefit from a given amount of abatement will be lower, the lower the level of pollution.
◦ the marginal cost of additional units of pollution abatement increases as the total amount of remaining pollution declines.


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Marked as best answer by abcdef9106 on Oct 12, 2022

nora9826

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abcdef9106

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Reply 2 on: Oct 12, 2022
:D TYSM


flexer1n1

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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