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Refer to the Figure Above

Question 5

Multiple Choice

Refer to the Figure above. Assume that a firm is facing MAC1 and an emissions standard of e2. What is the firm's incentive to engage in R&D so that abatement costs are reduced to MAC2?


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

Correct Answer:

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