2. The quantity of pesticide produced is the efficient quantity, 20 tons a week, and the town...
Question:
2. The quantity of pesticide produced is the efficient quantity, 20 tons a week, and the town charges the factories $50 a ton of pesticide, which is the marginal external cost of the pollution produced by that quantity.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essential Foundations Of Economics
ISBN: 9780520219465
7th Global Edition
Authors: Bade, Robin;Parkin, Michael
Question Posted: