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Consider a Situation in Which a Utility Company Emits High

Question 27

Multiple Choice

Consider a situation in which a utility company emits high levels of sulphur dioxide and the company is not liable for the damages its pollution causes.According to the Coase theorem, government action is ________ to achieve an ________ amount of pollution.


A) necessary; equitable
B) necessary; efficient
C) not necessary; equitable
D) not necessary; efficient

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