Over the last two years, emission abatement costs in industry X have been about $1 million per

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Over the last two years, emission abatement costs in industry X have been about $1 million per year. A new regulation will lead to abatement costs of $1.8 million per year. Does this mean that the regulation will cause increased abatement costs of $800,000 per year? Explain.

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Environmental Economics

ISBN: 9780078021893

7th Edition

Authors: Barry Field, Martha K Field

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