Multiple Choice
The socially optimal amount of pollution abatement occurs where society's marginal
A) benefit of abatement exceeds its marginal cost of abatement by the greatest amount.
B) benefit of abatement equals its marginal cost of abatement.
C) benefit of abatement is zero.
D) cost of abatement is at its maximum.
Correct Answer:
Verified
Correct Answer:
Verified
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