Under a system of financial penalties for polluters:
a. Firms could pollute all they wanted to.
b. Firms would have to pay a tax for each unit of pollution created.
c. Firms would be encouraged to pollute less.
d. All of the above are correct.
d
Economics
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An import is a product
A) produced in and purchased by residents of the home country. B) produced in the home country and sold in another country. C) produced in and sold to the residents of a foreign country. D) produced in a foreign country and purchased by the residents of the home country.
Economics
In a decreasing-cost industry, an increase in output will lead to
A) an upward shift in the ATC curve. B) an upward shift in the MC curve. C) a reduction in long-run per-unit costs. D) an increase in long-run per-unit costs.
Economics