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    Exam 14: Defining Water Quality: the Standard-Setting Process
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    Based on the Benefit-Cost Analysis of the Clean Water Act
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Based on the Benefit-Cost Analysis of the Clean Water Act

Question 11

Question 11

True/False

Based on the benefit-cost analysis of the Clean Water Act presented in the text, Total Social Benefits (TSB) exceed Total Social Costs (TSC) and hence U.S. water quality standards are set at the allocatively efficient level.

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