The automobile emission standards in the United States are established by

a. automobile producers
b. efficient free markets
c. the Environmental Protection Agency (EPA)
d. automobile owners because they are free to buy whatever gasoline they want
e. international standards designed by the United Nations

C

Economics

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Refer to the above table. How could the U.S. government justify its decision to offer a subsidy to a profitable and successful business?

What will be an ideal response?

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In long-run equilibrium, a perfectly competitive firm's short-run marginal cost curve crosses the long-run average cost curve at the lowest point on the long-run average cost curve

a. True b. False Indicate whether the statement is true or false

Economics