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Author Question: The diagram below shows the marginal cost of pollution abatement for two firms, Firm X and Firm ... (Read 89 times)

Darron12

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The diagram below shows the marginal cost of pollution abatement for two firms, Firm X and Firm Y.



FIGURE 17-6

Refer to Figure 17-6. There is an emissions tax of $t per unit of pollution. Which of the following statements regarding the pollution abatement activities by the two firms is correct?


◦ The emissions tax causes an optimal level of pollution.
◦ It is efficient for Firm Y to do less pollution abatement than Firm X because Firm Y faces higher costs of abatement.
◦ It is not socially optimal to have Firm X doing pollution abatement of QX while Firm Y does the lesser amount, QY.
◦ The emissions tax causes no change in the firms' polluting activity.
◦ The shaded areas in the two graphs depict the social costs of pollution caused by Firms X and Y.


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Marked as best answer by Darron12 on Oct 12, 2022

wangyichun

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Darron12

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


smrtceo

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Reply 3 on: Yesterday
Excellent

 

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