Solved

Consider a Situation in Which a Utility Company Emits High

Question 165

Multiple Choice

Consider a situation in which a utility company emits high levels of sulfur dioxide and the company is not liable for the damages its pollution causes.According to the Coase theorem, government action is ________ to achieve an ________ amount of pollution.


A) necessary; equitable
B) necessary; efficient
C) not necessary; equitable
D) not necessary; efficient

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q160: Figure 5-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-2

Q161: If there are no externalities, a competitive

Q162: The U.S.government has frequently used a "command-and-control"

Q163: Alternative approaches for reducing carbon dioxide emissions

Q164: Figure 5-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-12

Q166: A.C.Pigou argued that the government can deal

Q167: Government-imposed quantitative limits on the amount of

Q168: Figure 5-16<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-16

Q169: Suppose a negative externality exists in a

Q170: For-profit producers will produce only private goods