The primary source of air pollution in the small town of Smokey, Nevada is a nearby steel mill. The local environmental agency has decided that the mill needs to reduce its emissions because the town's population is located directly downwind from it. Currently the agency is considering three different approaches to reducing pollution from the mill: a technology standard, an emission standard and an emission tax. Why might the owner of the mill prefer an emission standard to a technology standard that would produce the same level of emissions? O a. Because with emission standards the polluter is more flexible in selecting the technology that will minimize her abatement cost b. Ob Because polluters usually try to stick to their existing technology O C. Because it has been proven to be easier to implement Od. Because polluters, as all producers are suspicious about new technologies

The primary source of air pollution in the small town of Smokey, Nevada is a nearby steel mill. The local environmental agency has decided that the mill needs to reduce its emissions because the town's population is located directly downwind from it. Currently the agency is considering three different approaches to reducing pollution from the mill: a technology standard, an emission standard and an emission tax. Why might the owner of the mill prefer an emission standard to a technology standard that would produce the same level of emissions? O a. Because with emission standards the polluter is more flexible in selecting the technology that will minimize her abatement cost b. Ob Because polluters usually try to stick to their existing technology O C. Because it has been proven to be easier to implement Od. Because polluters, as all producers are suspicious about new technologies

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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