Multiple Choice
Which of the following statements concerning pollution is correct?
A) Economic efficiency requires that pollution be completely eliminated.
B) Economic efficiency dictates that the optimal amount of pollution arises at the point at which price equals private marginal cost.
C) Pollution should be reduced to the point at which the marginal benefit from further reduction equals the marginal cost of further reduction.
D) Pollution should be reduced to the extent necessary to return production to the production possibilities frontier.
Correct Answer:

Verified
Correct Answer:
Verified
Q153: Common property ownership most likely leads to<br>A)
Q154: Suppose a large tree on Jack's property
Q155: When the private costs and the social
Q156: Which of the following is the main
Q157: It is assumed that the marginal benefit
Q159: In a market for emission permits, firms
Q160: Suppose there are two firms on a
Q161: Attaining higher and higher levels of air
Q162: Pollution<br>A) creates a negative externality.<br>B) is increased
Q163: The Endangered Species Act is an attempt