7. Since the marginal benefits (for example, cleaner air) derived from pollution control are often less than

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7. Since the marginal benefits (for example, cleaner air) derived from pollution control are often less than the gains associated with the pollution-generating activities, prohibition of activities that result in pollution (or other external cost) is seldom an ideal solution.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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