Most industries are composed of firms that, though perhaps producing roughly the same thing, are very different;
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Most industries are composed of firms that, though perhaps producing roughly the same thing, are very different; some are large and some small; some are profitable and others not; some are located in one part of the country and some in others; some perhaps have undertaken a certain amount of voluntary emissions reductions and some have not; and so on. How does this complicate the job of estimating the total social costs of pollution-control regulations?
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