Multiple Choice
The figure below shows the marginal pollution abatement costs of two companies - Alpha Electric and Beta Inc.
-Refer to the figure above. Suppose the government allocates 250 pollution permits to each company and the price of each permit is $200. ________will earn ________by selling permits.
A) Alpha Electric; $1,000
B) Alpha Electric; $10,000
C) Alpha Electric; $1,000.
D) Alpha Electric; $15,000
Correct Answer:
Verified
Correct Answer:
Verified
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