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Author Question: The diagram below shows the marginal cost of pollution abatement for two firms, Firm X and Firm ... (Read 454 times)

bubba123

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on: Oct 12, 2022

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



FIGURE 17-4

Refer to Figure 17-4. Suppose the government requires each firm to reduce pollution by the same amount, QR. The result will be


◦ fair and just because both firms are facing the same requirements.
◦ economically inefficient because Firm Y is then abating pollution at a higher marginal cost than Firm X.
◦ economically efficient because the maximum amount of pollution will be abated.
◦ economically inefficient because Firm X is not producing as much pollution as Firm Y and therefore should not be faced with the same requirements.
◦ economically efficient because even though their marginal costs of abatement differ, the marginal cost for the last unit of abatement is equal.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by bubba123 on Oct 12, 2022

rika06@comcast.net

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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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bubba123

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

Sarahjh

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Reply 3 on: Yesterday
Excellent

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