Which of the following assertions about pollution is generally agreed with by economists?
A) Pollution is never a problem because those who pollute and the victims of pollution can always bargain with one another and arrive at a suitable outcome.
B) Due to the demand for products made by those who pollute, it is best to not restrict pollution.
C) The problem we face in dealing with pollution is determining the optimal amount of pollution.
D) The ideal amount of pollution is no pollution.
C
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When there is only one buyer of labor in a community, we talk of a
A) monopoly. B) monopsony. C) monopolistic market. D) labor cooperative.
Cross-price elasticity is represented by the formula ?Q/?P × P/Q; where Q and ?Q represent the quantity demanded and change in quantity demanded of a good, and P and ?P represent the price and change in price of a related good respectively
a. True b. False Indicate whether the statement is true or false