Tire Remaining churn Submit Quiz 2 This quiz is based on the material covered in lectures 3-4 and tutorial 2-3, Question 4 requires you to hand-write your answer on paper, and then scan and upload it. pdf is preferred, but ing, ping and doc are ch. Apps we recommend for scanning include (all links go to an external site): CamScanner (recommended); Evernote Scannable (only available on iPhone/iPad) "Note: do not take your quiz on a mobile device. Once started, you have 35 minutes to complete the quiz, which includes time to upload your response to Question 4, The quiz is due Friday. 26 August at 11:59 pm. IMPORTANT! You have 1 attempt. Once you click "Take the quir" your 1 attempt has started. You cannot pause the timer and return later. 1 1 point Consider public goods. Select all true statements (there may be more than one]. At the optimal quantity of public goods, all consumers must have the same marginal beright. Individual consumers have strong incentives to pay for public goods. Aggregate demand for public goods shows the marginal benefit summed over all consumers. All consumers have the same quantity of the public good. 2 1 point What is 'abatement"?3 1 point Assume that the marginal damage of pollution does not depend on which firm causes the pollution. Select all true statements (there may be more than one). The lowest-cost abatement methods should be used first. At the efficient level of abatement, the marginal cost of abatement should equal the marginal benefit, where the marginal benefit is summand over all individuals. We sum firm marginal abatement cost curves horizontally to get the aggregate marginal abatement cost curve. Abatement can be pareto optimal even if firms do not have the same marginal cost of abatement