The government auctions off 500 units of pollution rights. The rights sell for $50 per unit, raising

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The government auctions off 500 units of pollution rights. The rights sell for $50 per unit, raising $25,000 of revenue for the government. This policy is equivalent to a corrective tax of _________ per unit of pollution.

a. $10

b. $50

c. $450

d. $500

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:00 PM

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The government auctions off 500 units of pollution rights. The rights sell for $50 per unit, raising

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Principles Of Microeconomics

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