Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement

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Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000.

a. On efficiency grounds, should the proposed standard be more stringent or more lenient, and why?

b. Specifically, what does the $125,000 represent?

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Environmental Economics and Management Theory, Policy and Applications

ISBN: 978-1111826673

6th edition

Authors: Scott J. Callan, Janet M. Thomas

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Question Posted: Sep 22, 2018 01:02 PM

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Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement

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a Because the MSB exceeds the MSC at the regula...View the full answer

Environmental Economics and Management Theory, Policy and Applications

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