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  3. Study Set
    Environmental Economics Study Set 1
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    Exam 11: Command-And-Control Strategies: the Case of Standards
  5. Question
    Refer to the Figure Above
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Refer to the Figure Above

Question 2

Question 2

Multiple Choice

Refer to the figure above.Assume that a firm is facing MAC1 and an admissions standard of e2.What is the firm's cost of compliance for this level of emissions?


A) a
B) (e+d+c)
C) (a+b+c+d)
D) (a+b)

Correct Answer:

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