Refer back to the cost and benefit data presented in Table 9.3. a. Using the total benefit

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Refer back to the cost and benefit data presented in Table 9.3.

a. Using the total benefit and cost values shown, determine if the Clean Air Act Amendments (CAAA) pass the feasibility test. Support with calculations.

b. Based on the information in the table, do the CAAA achieve allocative efficiency?          

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