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As society is near total pollution abatement O A. the marginal cost to society falls but then rises. O B. the marginal cost tTechnological change that makes it easier to produce in a cleaner fashion would cause O A. the marginal cost curve of polluOne difficulty in using voluntary transactions to internalize externalities is that O A. transaction costs of coming to an agIn general, pollution exists if O A. there are poorly defined common property rights. OB. people are unconcerned about the ha

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Answer #1


As per HOMEWORKLIB RULES, in case of multiple questions only the first question is to be answered

Kindly ask rest of the questions in a separate post.

1.

Correct option: (D) the marginal cost to society rises

Reason: The marginal cost curve of pollution abatement is an upward sloping curve. At the optimal point of pollution abatement, marginal benefit curve cuts and is equal to marginal cost curve of pollution abatement.

However, the optimal pollution abatement level is not the one where pollution abatement is 100%

In reality, at 100% pollution abatement level, the MC curve is rising and about to reach its maximum.

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