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Why would the firm choose to reduce its pollution to the level in question 3? Explain your answer in Question 2 in terms of the
Why would the firm choose to reduce its pollution to the level in question 3? Explain your answer in Question 2 in terms of the criteria the firm uses to make a decision about the level of pollution when a pollution tax is introduced. Will every firm in the industry reduce to the same level of pollution? Why or why not
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