Use the Following to Answer Question

question 44

Multiple Choice

Use the following to answer question:
Figure: Efficiency and Pollution
-(Figure: Efficiency and Pollution) Use Figure: Efficiency and Pollution.Assume that firms are the only beneficiaries of pollution and that costs are borne solely by others in the society.The socially optimal quantity of pollution is _____ tons.

• A)0
• B)20
• C)30
• D)45

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Definitions:

Normal Curve

A symmetrical bell-shaped curve that represents the distribution of many physical and psychological attributes.

Distribution

In statistics, the way in which values of a variable or a set of data are spread or distributed across a range of values.

Physical Heights

The measurement of how tall or high something or someone is.

Regression Toward

This phrase often relates to "regression toward the mean," a statistical principle indicating that extreme or unusual outcomes tend to be followed by more typical ones.