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2. When firms respond to an emissions tax by abating pollution, they are making a trade off between a marginal benefit and a marginal cost.

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2. When firms respond to an emissions tax by abating pollution, they are making a trade off between a marginal benefit and a marginal cost. What are the marginal benefits and marginal costs of abatement, and why does a firm set them equal to each other when it chooses how much to abate

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