Producing leather creates external costs in the form of water pollution. The figure above illustrates the market for leather. If the government sets a pollution limit that achieves efficiency, how many tons of leather are produced?
A) 0 tons
B) 200 tons
C) 300 tons
D) more than 300 tons
E) more than 0 tons and less than 200 tons
C
Economics
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The antitrust legislation that forbids a company from selling goods on the condition that the purchaser must deal exclusively with that company is the
A) Sherman Act. B) Robinson-Patman Act. C) Fair Trade Commission Act. D) Clayton Act.
Economics
Successful export-led growth policy entails:
A. choosing the "right" industries to invest in. B. blocking the "right" industries from importing to domestic markets. C. choosing the "right" incentives to encourage exports. D. choosing the "right" disincentives to reduce imports.
Economics