Using a graph like Figure, show the effect on the determination of the socially optimal amount of

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Using a graph like Figure, show the effect on the determination of the socially optimal amount of pollution-reduction effort of the following:
1. Some technological change that lowers the marginal cost of achieving every level of pollution reduction.
2. A discovery that there are greater health risks associated with every given level of pollution than were previously thought to be thecase.
Using a graph like Figure, show the effect on the
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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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