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1. True or False? Explain. Assume there are n firms and a social planner's objective is to pick economically efficient abatement levels for each firm.
1. True or False? Explain. Assume there are n firms and a social planner's objective is to pick economically efficient abatement levels for each firm. Then the objective of the social planner is achieved if she finds abatement levels Ai (i=1,...,n) for each firm such that MCi(Ai) (the marginal cost of firm i at Ai) are all equal
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