$A P₁ C1 a₁ bin a* MC WTP jarij 580008 di gridion a 208354 (Pollution abatement) a) At abatement level al, is too much or two little pollution abatement occurring?
$A P₁ C1 a₁ bin a* MC WTP jarij 580008 di gridion a 208354 (Pollution abatement) a) At abatement level al, is too much or two little pollution abatement occurring?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:b) At abatement level a*, does the firm still emit pollution? Explain why or why not some
levels of pollution are socially desirable.

Transcribed Image Text:The below graph depicts societies willingness to pay for pollution abatement and the
marginal cost of reducing pollution.
$A
P₁
C₁1
a₁ or a*
1974
MC
17
4²
179 1680 20000
WTP
Thoog
sritenidion
a
(Pollution abatement)
a) At abatement level al, is too much or two little pollution abatement occurring?
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