Question: Determine whether the following statements are true or false, and briefly explain why: a. A given total emission reduction in a polluting industry will be
Determine whether the following statements are true or false, and briefly explain why:
a. A given total emission reduction in a polluting industry will be achieved at the lowest possible total cost when the cost of the last unit of pollution curbed is equal for each firm in the industry.
b. In an attempt to lower their costs of production, firms sometimes succeed merely in shifting costs to outsiders.
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