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

ISBN: 9781305081673

7th Edition

Authors: N Gregory Mankiw

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Question Posted: Nov 02, 2024 05:00 AM

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

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Principles Of Microeconomics

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