8. Explain the following statement, using costbenefit analysis: The optimal amount of pollution abatement for some substances,

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8. Explain the following statement, using costbenefit analysis: “The optimal amount of pollution abatement for some substances, say, water from storm drains, is very low; the optimal amount of abatement for other substances, say, cyanide poison, is close to 100 percent.” LO3

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