5. Draw figure 9.4 of the textbook here and use the graph to explain the incentive to adopt new technologies with lower marginal costs is greater under and emissions tax than under an emissions standard.

$/TON MC Standard MC Tax Extra rewards to innovation under the tax XSTD XTAX ABATEMENT Figure 9.4 The incentive to adopt a new pollution control technology under a performance standard and emissions tax. The two policies are $/TON MC Standard MC Tax Extra rewards to innovation under the tax XSTD XTAX ABATEMENT Figure 9.4 The incentive to adopt a new pollution control technology under a performance standard and emissions tax. The two policies are