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1) Short Answer 4 If a societal marginal abatement cost function for the country Ademesia is given by equation (1) and the societal marginal damage
1) Short Answer 4 If a societal marginal abatement cost function for the country Ademesia is given by equation (1) and the societal marginal damage function for Ademesia is given by equation (2) where emissions are given in tons by q2 and a reduction in emissions is given in tons by q, and firms are initially emitting 100 tons of pollution in an unregulated market, what is the efficient quantity of pollution in Ademesia? What would the efficient level of a green tax be in this market? 4 (1) MAC = 2914 (2) MD = 0.5224 1) Short Answer 4 If a societal marginal abatement cost function for the country Ademesia is given by equation (1) and the societal marginal damage function for Ademesia is given by equation (2) where emissions are given in tons by q2 and a reduction in emissions is given in tons by q, and firms are initially emitting 100 tons of pollution in an unregulated market, what is the efficient quantity of pollution in Ademesia? What would the efficient level of a green tax be in this market? 4 (1) MAC = 2914 (2) MD = 0.5224
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