QUESTION 10 3 pointy Charis owns a large pharmaceutical company. which has several large production plants across the country. These plants produce approved drugs. In producing theup drugs, a large amount of hazardous chemicals is released into the air. The Australian Government fromsty Inwadused legislation that charges companies based on the amount of chemicals amined that are sbowe 3%% hazardous. They can other opt to meet the 316 target and pay no permit post (Process D) or purchase permits entitling them to pollute in excess of ]%% (but this will also inour a cost to modify their production methoch). Procent A C D Hazardous chemicals emissions(15) 22 14 Casts to modify Chris's pre duction methods (S thousand) 100 700 1350 Permit cont ($ thousand) 150 Type T flow True or IF for Falve after every statement a. Chris wil implement process D. b. If Chris selects the process of least cost for him, the financial cost to society would be greater than if Chris implements process B. c. The Government's decision not to completely ban the emission of hazardous chemicals Indicated they do not believe a negative externality is associated with hazardous chemical ambitions