(Figure: The Socially Optimal Quantity of Pollution II) In the accompanying figure, without government intervention: Figure: The Socially Optimal Quantity of Pollution II Marginal social cost, marginal social benefit Marginal social cost, MŠC,of pollution Marginal social benefit, MSB, of pollution Quantity of pollution emissions (tons) OA. firms will continue to pollute until the marginal social benefit is zero. OB. firms will continue to pollute until the marginal social benefit is $200. OC. the optimal quantity of pollution will occur. OD. none of the above

(Figure: The Socially Optimal Quantity of Pollution II) In the accompanying figure, without government intervention: Figure: The Socially Optimal Quantity of Pollution II Marginal social cost, marginal social benefit Marginal social cost, MŠC,of pollution Marginal social benefit, MSB, of pollution Quantity of pollution emissions (tons) OA. firms will continue to pollute until the marginal social benefit is zero. OB. firms will continue to pollute until the marginal social benefit is $200. OC. the optimal quantity of pollution will occur. OD. none of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Help plz graph plz 3 8
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K Steel production creates pollution. If a tax is imposed on steel production equal to the marginal external cost of the pollution it creates, O A. steel producers will continue to produce the inefficient quantity of steel OB. the deadweight loss created by steel producers will be cut to zero OC. steel producers will cut pollution to zero O D. the market price of steel will rise by the amount of the tax Submit te: