If a Steel Manufacturer Does NOT Bear the Entire Cost

Multiple Choice

If a steel manufacturer does NOT bear the entire cost of the sulfur dioxide it emits, it will:

A) emit a lower level of sulfur dioxide than is socially efficient.
B) emit a higher level of sulfur dioxide than is socially efficient.
C) emit an acceptable level of sulfur dioxide
D) not emit any sulfur dioxide in an attempt to avoid paying the entire cost.