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Regional Cuisine Publications Corporation (RCPC) is the publisher of a monthly magazine that features recipes and articles on culinary traditions from various regions in the
Regional Cuisine Publications Corporation (RCPC) is the publisher of a monthly magazine that features recipes and articles on culinary traditions from various regions in the United States. RCPC began in the South and has expanded into the mid-Atlantic and New England markets in the last 10 years. As part of RCPC's business model, the actual name of the magazine distributed in a certain region takes on that region's name (Southern Cuisine, New England Cuisine, etc.). Although RCPC began its business by contracting with outside vendors that supplied magazine-quality paper, as it has expanded circulation, RCPC has sought to reduce its rising paper costs by producing its own paper in-house. RCPC's management has located a small production facility that has been owned by Paper Production Inc. since 1950. RCPC is now considering purchasing the facility and property. 2. Assume that the facility emits certain pollutants into the air. RCPC wishes to partially reconstruct the facility after its purchase for purposes of being able to run the facility for longer periods of time. Does this trigger any regulatory concerns? 3. Suppose that the facility emits more of a certain pollutant than permitted by the EPA standards. What are RCPC's options under the CAA's market-based approach
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