Question
When society imposes limits on how many firms can pollute, this Choose one a. is a choice among alternatives, since regulations decrease real incomes of
When society imposes limits on how many firms can pollute, this
Choose one
a.
is a choice among alternatives, since regulations decrease real incomes of the firms' owners, employees and the final consumers of the respective goods
b.
is not a choice among alternatives, since everybody wins due to decreased pollution
c.
is not a choice among alternatives for society as a whole, since the costs of decreasing pollution fall only on the firms affected by the regulation
d.
is a choice among alternatives only if some of the firms affected by the regulation go bankrupt
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