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(1) What are the total industry costs of pollution control (i.e., for both firms combined) if a uniform emission standard is utilized to achieve an
(1) What are the total industry costs of pollution control (i.e., for both firms combined) if a uniform emission standard is utilized to achieve an aggregate emission reduction of 6 tons? In other words, each firm is required to reduce emissions by 3 units. What are the marginal costs of pollution control for firm #1 and for firm #2 under the standard
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