(1) A pollution tax is imposed that is equal to the marginal external cost of pollution. Because...

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(1) A pollution tax is imposed that is equal to the marginal external cost of pollution.

Because the pollution tax equals the marginal external cost, the supply curve is the marginal social cost curve:

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 11, 2024 09:00 AM

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(1) A pollution tax is imposed that is equal to the marginal external cost of pollution. Because the pollution tax equals the marginal external cost, the supply curve is the marginal social cost...
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This curve is also the marginal social cost curve MSC because the pollution tax has been set equal to the marginal external cost at the quantity produced. D = MB, S = MC + tax. Figure 10.4 A...
S = MC + tax = MSC.
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(1) A pollution tax is imposed that is equal to the marginal external cost of pollution. Because...

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Foundations Of Microeconomics

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