Using a graph of the pollution abatement market, model a situation in which the allocatively efficient level
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Using a graph of the pollution abatement market, model a situation in which the allocatively efficient level of abatement occurs at 100 percent, or, equivalently, where pollution is zero. Referring to the relative position of the MSC and MSB curves, explain this outcome intuitively.
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Environmental Economics and Management Theory, Policy and Applications
ISBN: 978-1111826673
6th edition
Authors: Scott J. Callan, Janet M. Thomas
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