Question: Problem 112.1 Why isn*t zero pollution the best solution for society? Can society have too little pollution? Why or why not? Problem 113.3 Suppose that

Problem 112.1 Why isn*t zero pollution the best solution for society?

Problem 112.1 Why isn*t zero pollution the best solution for society? Can society have too little pollution? Why or why not? Problem 113.3 Suppose that the inverse demand curve for paper is p = 200 - Q, the private marginal cost (unregulated competitive market supply) is MC? = 31'] + Q, and the marginal harm from gunk is MCE = Q. a. What is the unregulated competitive equilibrium? b. What is the social optimum? c. What specic tax t [per unit of output of gunk} results in the social optimum? (Hint: See Solved Problem 111.} M

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