Explain the following statement, using the MB curve in Figure to illustrate: Societys optimal amount of pollution

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Explain the following statement, using the MB curve in Figure to illustrate:
Society€™s optimal amount of pollution abatement

The optimal amount of pollution abatement for some substances, say, water from storm drains, is very low; the optimal amount of abatement for other substances, say, cyanide poison, is close to 100percent.

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:48 AM

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Explain the following statement, using the MB curve in Figure to illustrate: Societys optimal amount of pollution

Question:

MC Socially optimal amount of pollution abatement MB 0 ei Amount of pollution abatement

Step by Step Answer:

Reducing water flow from storm drains has a low margin...View the full answer

Economics

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