Multiple Choice
A company earns $70,000 in profit if it is allowed to dump untreated waste in the river and only $40,000 in profit if it is forced to treat the waste before dumping it into the river.The local fishermen earn $35,000 in profit if the river is polluted and $55,000 in profit if the river is not polluted.The fishermen would be willing to pay the company up to ________ not to pollute the river,and the company would be willing to accept a minimum of ________ if it agrees not to pollute the river.
A) $15,000; $30,000
B) $20,000; $30,000
C) $30,000; $20,000
D) $20,000; $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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