Multiple Choice
Consider some type of industrial pollution that generates air pollution. This industry, if left unregulated, will produce
A) more than the efficient level because they will ignore the marginal external costs.
B) the efficient level of output.
C) less than the efficient level because they will ignore the marginal external costs.
D) less than the efficient level because they will ignore the marginal external benefits.
E) more than the efficient level because they will ignore the marginal external benefits.
Correct Answer:
Verified
Correct Answer:
Verified
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