If there are negative externalities from nuclear power, would the desired equilibrium social price be: Lower than the market price Higher than the market price The same as the market price Cannot be determined unless we know the size of the externalities In environmental economics, what is benefit-cost analysis for Telling us what the optimal level of abatement is Telling us how cost-effective abatement standards are Showing how benefits are high and costs are low Showing how benefits are low and costs are high In environmental economics, what is cost-effectiveness analysis for? Figuring out the best policy to get to the optimal environmental quality Determining the optimal environmental quality Making sure pollution is minimized Making sure abatement is low cost