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The Socially Efficient Equilibrium Emission Standard Sets the Maximum Rate

Question 17

Multiple Choice

The socially efficient equilibrium emission standard sets the maximum rate of emissions equal to the ________.


A) the level of abatement that equates MAC and MDC
B) level of emissions that maximizes total abatement cost
C) the level of emissions that minimizes total abatement cost
D) the level of emissions that equates MAC and MDC

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