c. Suppose the plants whose marginal benefit curves you depicted in part a were participants in the
Question:
c. Suppose the plants whose marginal benefit curves you depicted in part a were participants in the 33/50 program.
In a replica of your graph from part
a, mark targeted levels of pollution in 1995 for the two plants. Which plant was required to reduce emissions more? Was this solution necessarily efficient?
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Related Book For
Essentials Of Economics
ISBN: 9781429218290
2nd Edition
Authors: Paul Krugman, Robin Wells, Kathryn Graddy
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