In accordance with the dual-control approach, suppose New Mexicos NO X abatement standard for existing sources is
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In accordance with the dual-control approach, suppose New Mexico’s NOX abatement standard for existing sources is 5 units (AE) and the EPA's standard for new sources is 12 units (AN). If the two types of sources face the following MAC functions, where each MAC is in thousands of dollars, what economic criterion is violated? Show how you know.
Existing: MACE = 1.8AE
New: MACN = 1.2AN
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Related Book For
Environmental Economics and Management Theory, Policy and Applications
ISBN: 978-1111826673
6th edition
Authors: Scott J. Callan, Janet M. Thomas
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