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a. In what economic sense is pollution costly? b. In what sense is eliminating pollution costly? c. Explain why the marginal cost of eliminating additional
- a. In what economic sense is pollution costly?
b. In what sense is eliminating pollution costly?
c. Explain why the marginal cost of eliminating additional pollution is likely to increase as pollution is eliminated. Be specific.
d. Explain why the optimal amount of pollution is unlikely to be zero. Be specific.
e. Under what specific circumstances would the optimal amount of pollution be zero?
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