Power stations emit sulfur dioxide as a waste product. This generates a cost to society that...

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Power stations emit sulfur dioxide as a waste product. This generates a cost to society that is not paid for by the firm; the

Suppose the government has determined that the socially optimal quantity of sulfur dioxide emissions is 60 million tons per d

business economics

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Answer 1

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PRICE Dolars perton 0 15 30 45 60 75 100 120 135 150 QUANTITY (Milions of tons)

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1) 42

2) 42

Pollution permit is appropriate in the given case.

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Answer 2

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