Multiple Choice
Use the following to answer question:
Figure: Efficiency and Pollution
-(Figure: Efficiency and Pollution) Use Figure: Efficiency and Pollution.Assume that firms are the only beneficiaries of pollution and that costs are borne solely by others in the society.If the government imposed an environmental standard that did NOT allow the quantity of pollution to exceed 40 tons,there would be:
A) a socially optimal quantity of pollution.
B) too little pollution because its marginal social benefit would exceed its marginal social cost.
C) too much pollution because its marginal social cost would exceed its marginal social benefit.
D) too much pollution because any pollution is too much from an economist's perspective.
Correct Answer:

Verified
Correct Answer:
Verified
Q81: If the number of available tradable emissions
Q82: Which statement is CORRECT?<br>A)An emissions tax is
Q83: The efficient level of pollution is the
Q84: Use the following to answer question: <img
Q85: Which example BEST describes tradable emissions permits?<br>A)a
Q87: Use the following to answer question: <img
Q88: The marginal social benefit received from pollution
Q89: An example that does NOT illustrate an
Q90: Use the following to answer question:<br>Figure: Efficiency
Q91: The total external cost of air pollution