Multiple Choice
The marginal social benefit received from pollution is equal to its marginal social cost in the market for highly polished ceramic. In this situation:
A) society's well-being can be improved if the quantity of pollution decreases.
B) firms in the market produce too much pollution.
C) a decrease in the quantity of pollution will improve society's well-being.
D) firms in the market produce the socially optimal level of pollution.
Correct Answer:
Verified
Correct Answer:
Verified
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