Multiple Choice
The three firms below have five choices for pollution control: no controls or four different technologies,W,X,Y and Z.The amount of pollution emitted and the cost of the technologies are shown in the table.
-Refer to the information above.In the absence of either government regulation or private negotiation,the three firms will pick __________ and total pollution will be __________.
A) no controls;8 tons
B) no controls;24 tons
C) W;21 tons
D) X;18 tons
E) Y;15 tons
Correct Answer:

Verified
Correct Answer:
Verified
Q116: Compared to an across-the-board reduction,taxing pollution emissions
Q117: If a corrective tax on gasoline results
Q118: The two firms listed below have five
Q119: Paul owns a home on the top
Q120: Steve and Don are neighbours who work
Q122: Ben and Sam are competing for the
Q123: The optimal quantity of a negative externality
Q124: When the market produces output where the
Q125: Adam and Jon are the only players
Q126: Adam and Jon are the only players