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Determine whether the following statements are true or false, and explain economic reasoning with graph for your answer: A given total emission reduction in a

Determine whether the following statements are true or false, and explain economic reasoning with graph for your answer:

  • A given total emission reduction in a polluting industry will be achieved at the lowest possible total cost when the cost of the last unit of pollution curbed is equal for each firm in the industry.
  • In an attempt to lower their costs of production, firms sometimes succeed merely in shifting costs to outsiders.

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