Economists argue that there is an efficient amount of pollution abatement. Explain why the efficient amount of

Question:

Economists argue that there is an efficient amount of pollution abatement. Explain why the efficient amount of abatement is unlikely to be either zero or 100 percent. List all the information that would be required to determine the efficient amount of pollution abatement. Why is it difficult in practice to determine the efficient amount of pollution abatement?