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Use the following to answer questions:
Figure: Efficiency and Pollution Use the following to answer questions: Figure: Efficiency and Pollution -(Figure: Efficiency and Pollution) Look at the figure Efficiency and Pollution. If this market produced _____ tons of pollution, then _____. A) 30; it would be efficient B) 45; marginal social cost would be less than marginal social benefit C) 20; marginal social benefit would be less than marginal social cost D) 20; the marginal social benefit would be $7.
-(Figure: Efficiency and Pollution) Look at the figure Efficiency and Pollution. If this market produced _____ tons of pollution, then _____.


A) 30; it would be efficient
B) 45; marginal social cost would be less than marginal social benefit
C) 20; marginal social benefit would be less than marginal social cost
D) 20; the marginal social benefit would be $7.

Correct Answer:

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