If a Government Regulation States That Fluorocarbon Emissions Should Be

question 82

Multiple Choice

If a government regulation states that fluorocarbon emissions should be abated by 75 percent but the optimal level of pollution abatement is 85 percent, which of the following must be true?

• A)The free market will not reduce pollution by less than 85 percent.
• B)The free market will accomplish 85 percent abatement, but it will be inefficient.
• C)If only 75 percent of the pollution is abated, the society will be better off than if 85 percent had been abated.
• D)If only 75 percent of the pollution is abated, the society will be worse off than if 85 percent had been abated.
• E)If 75 percent of the pollution is abated, then in the next period the government should set the abatement level at 95 percent.

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