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n Countries A and B, paper factories pollute the air when producing paper, which imposes an external cost on those who live nearby. In response,
n Countries A and B, paper factories pollute the air when producing paper, which imposes an external cost on those who live nearby. In response, Country A sets an emissions standard mandating zero pollution. In comparison, Country B sets an emissions fee instead that turns out to be above the efficient level. Use a graphical model of the MB and MC of abatement (i.e. pollution reduction) to illustrate both the total cost of abatement AND the DWL in each country. You should have two graphs- one for Country A and another for Country B
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