The government auctions off 500 units of pollution rights. They sell for $50 per unit, raising total

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The government auctions off 500 units of pollution rights. They sell for $50 per unit, raising total revenue of $25 000. This policy is equivalent to a corrective tax of per unit of pollution.

a $10 b $50 c $450 d $500

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Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

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