Multiple Choice
-In the above figure, if a firm is cleaning up Q2 units of pollution, it is an
A) efficient solution, because marginal social benefits are greater than marginal social costs.
B) efficient solution, because marginal social benefits are equal to marginal social costs.
C) inefficient solution, because marginal social benefits are greater than marginal social costs.
D) inefficient solution, because marginal social costs are greater than marginal social benefits.
Correct Answer:
Verified
Correct Answer:
Verified
Q228: If the external costs of production are
Q229: The marginal benefit from pollution abatement<br>A) increases
Q230: Government intervention will not be necessary when
Q231: Where pollution is concerned, if an automobile
Q232: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q234: From an economic standpoint, the amount of
Q235: Many ecologists argue that several species of
Q236: The Emission Trading Scheme of the European
Q237: If all firms had to bear all
Q238: If the market price of a good