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2. Now suppose that the firms are subjected to a uniform standard of 1,480 tons for each firm. Calculate and record the abatement quantity and

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2. Now suppose that the firms are subjected to a uniform standard of 1,480 tons for each firm. Calculate and record the abatement quantity and total cost this standard imposes on each firm. Also calculate the total industry emissions before and after the standard, total tons abated by the industry and total cost of abatement for the industry. What cost- effectiveness condition is violated here

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