The economic efficiency approach to emission control provides the polluting firm with
a. a license produce as much emissions as it wants
b. the option of choosing between focusing on profit or cost
c. a process for determining the optimum quantity of emissions
d. more flexibility in selecting the most cost effective method of control
e. a subsidy for producing additional emissions
D
You might also like to view...
Refer to the scenario above. Which of the following is true?
A) Both the workers should specialize in the production of Good Y. B) Worker 1 should produce Good Y and Worker should produce Good X. C) Worker 1 should produce Good X and Worker should produce Good Y. D) Both the workers should specialize in the production of Good X.
A black market may occur when
A) the government imposes a price floor below the market clearing price. B) the government imposes a price ceiling below the market clearing price. C) the government imposes a price ceiling above the market clearing price. D) the government does not impose either a price ceiling or a price floor.