The marginal cost curve of pollution abatement is

A) downward sloping.
B) upward sloping.
C) upward sloping up to a given level and then downward sloping.
D) vertical.

Answer: B

Economics

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For a monopsonist:

a. wage > TWC. b. wage > MFC. c. wage = MFC. d. wage = MRP. e. wage < MFC

Economics

A good is considered to be a public good if it

a. is a good produced by the government sector. b. is both nonrival-in-consumption and nonexcludable. c. benefits only a small group of consumers but is very costly to produce. d. is a good whose production is financed by tax revenue.

Economics