The forgone rental income from homes alongside a polluted river is an opportunity cost of producing paint.

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The forgone rental income from homes alongside a polluted river is an opportunity cost of producing paint. It is part of the paint producers’

marginal private cost and the paint producers must now decide how to respond to this cost. There are two things they might do:

Use an abatement technology Produce less and pollute less

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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