Question: In the pollution example below, starting at Q2, if we reduce pollution (abate) from Q2 to Q3: (be careful to read the question and answer

In the pollution example below, starting at Q2, if we reduce pollution (abate) from Q2 to Q3:

(be careful to read the question and answer exactly what is being asked)

a.Indicate what the MAC (marginal abatement cost) is, over that range - from Q2 to Q3).

b.Indicate what the total net benefit to society is for moving from Q2 to Q3. Explain.

c.Indicate what the social loss is (DWL), if zero pollution is allowed. Explain.

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