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Consider the emissions of an atmospheric pollutant, benzene. The graph below illustrates the market for benzene. Market for Benzene 500 Marginal Cost of Abatement ($/ton)

Consider the emissions of an atmospheric pollutant, benzene. The graph below illustrates the market for benzene.

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Market for Benzene 500 Marginal Cost of Abatement ($/ton) 450 400 350 300 250 200 150 100 Firm 2 Firm 1 50 0 O 2 4 6 8 10 12 14 16 18 20 Millions of tons of Benzene

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