A pollution haven is
A) a place where people actually like pollution and view it as a positive externality.
B) a location with weak environmental rules that attracts manufacturing companies due to decreased costs.
C) a place that has very low worker wages.
D) unattractive for multinational investment because of the ambient pollution.
B
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Refer to the cost and demand data below for a pure monopolist. Suppose that this monopoly is subjected to a regulatory commission. If the commission seeks to achieve the most efficient allocation of resources for this industry, it should set the socially optimal price at:
A. P1
B. P2
C. P3
D. 0
To identify the burden of a per-unit tax on consumers, we have to use the aggregate marginal willingness to pay curve whenever the underlying good is not quasilinear.
Answer the following statement true (T) or false (F)