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please abswer within 30 minutes ij details. as to why the option is right and why other options are wrong.

please abswer within 30 minutes ij details. as to why the option is right and why other options are wrong.

Applications and Investigations in Earth Science (9th Edition)
Applications and Investigations in Earth Science (9th Edition)
9th Edition
ISBN:9780134746241
Author:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa
Publisher:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa
Chapter1: The Study Of Minerals
Section: Chapter Questions
Problem 1LR
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please abswer within 30 minutes ij details. as to why the option is right and why other options are wrong.
Manufacturing processes relying on fossil fuels cause large emissions of sulphur doxide (S02). These damang emissions accumulate in the atmosphere, regardless of their country of origin. From this information we can ihet that: Select one answer: There will be more emissions than socially optimal, as firms have no incentives to take into accourt the damages they impose on society. The efficient amount of emissions will be produced as each firm buming fossi fuels is a proft maximizing firm. There will be less emissions than socially optimal, as proftemaximizing firms wil take into accourt the damages they impose on society. O To guarantee that the level of emissions is the socially optimal we need frms to compete à la Coumat
Transcribed Image Text:Manufacturing processes relying on fossil fuels cause large emissions of sulphur doxide (S02). These damang emissions accumulate in the atmosphere, regardless of their country of origin. From this information we can ihet that: Select one answer: There will be more emissions than socially optimal, as firms have no incentives to take into accourt the damages they impose on society. The efficient amount of emissions will be produced as each firm buming fossi fuels is a proft maximizing firm. There will be less emissions than socially optimal, as proftemaximizing firms wil take into accourt the damages they impose on society. O To guarantee that the level of emissions is the socially optimal we need frms to compete à la Coumat
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