Once a polluting firm attains a regulatory standard, there is... Select one or more: a. underproduction...
Once a polluting firm attains a regulatory standard, there is... Select one or more: a. underproduction and too low a price to buyers b. profit to be made by enhancing environmental quality even further c. efficiency in the market equilibrium d. little incentive for the firm to adopt an even cleaner technology e. overproduction and too high a price to buyers
Homework Answers
The correct option is c) efficiency in the market equilibrium.
Once a polluting firm attains a regulatory standard, there is c) efficiency in the market equilibrium.
When regulatory standards are adopted firm's market equilibrium turns out to be efficient.
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Once a polluting firm attains a regulatory standard, there is...
Select one or more: a. underproduction...
THUMBS UP ? ? ? ? ? for correct answer. 17 QUESTION 13 A competitive market...
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THUMBS UP ? ? ? ? ? for correct answer.
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QUESTION 13 A competitive market economy is unlikely to provide an efficient quantity of some public goods because: the technology involved in the production of public goods makes it difficult for private firms to produce them even though, once produced, they could be marketed efficiently. Ob.only the government has the vast resources necessary to produce public goods. C. private production of public goods generally results in a large amount...
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out of his college dorm room in 1984, few would have bet on his
chances for success. In those days, most computer makers sold their
PCs through an extensive network of all-powerful distributors and
resellers. Even as the fledgling Dell Computer Corporation began to
grow, competitors and industry insiders scoffed at the concept of
mail-order computer marketing. PC buyers, they contended, needed
the kind of advice and hand-holding that only full-service channels...
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