1. True or False, Explain. a) Often, the tax revenue collected by the government equals the reduced welfare of buyers and sellers caused by the tax. b) The deadweight loss of a tax rises even more rapidly than the size of the tax. 0) To achieve social welfare maximization, a negative production extemality calls for a (Pigovian) tax on producers, whereas a negative consumption externality calls for a tax on consumers. d) The welfare loss of ignoring a negative production extemality will be larger when we have a less elastic demand curve. 6) According to the Coase Theorem, when transaction costs are zero, how we distribute tradable permits initially will not matter for the nal cost of pollution and nal pollution levels of each rm