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Author Question: The diagram below shows the marginal costs of pollution abatement for two firms, Firm 1 and Firm ... (Read 30 times)

erikka246

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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 the government requires that each firm abate pollution to the level Q3. The outcome would be efficient because


◦ the maximum amount of pollution is being abated at the lowest cost.
◦ the marginal cost and marginal benefit of pollution abatement are equated.
◦ the marginal costs of abatement are equated for the two firms.
◦ all of the above.
◦ none of the above; the outcome would be inefficient.


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Marked as best answer by erikka246 on Oct 12, 2022

khudija

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erikka246

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Reply 2 on: Oct 12, 2022
Excellent


nothere

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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