Question
This is the whole question it is not missing anything!!! Paper factories emit chemicals as a waste product. This generates a cost to society that
This is the whole question it is not missing anything!!!
Paper factories emit chemicals as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a negative externality of paper production. Suppose the U.S. government wants to correct this market failure by getting firms to internalize the cost of pollution. To take this action, the government can charge firms forpollution rights(the right to emit a given quantity of chemicals). The following graph shows the daily demand for pollution rights.
Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph.
Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly.
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