Use the Following to Answer Question

question 1

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.A Pigouvian tax of $10 per acre of pollution will result in a quantity of pollution for which the:

• A)marginal social benefit is less than the marginal social cost.
• B)marginal social benefit exceeds the marginal social cost.
• C)marginal social benefit equals the marginal social cost.
• D)resources are allocated efficiently.

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Definitions:

Mononitration Product

The result of introducing one nitro group (-NO2) into a compound through a nitration reaction.

Organic Product

A compound that results from the organic synthesis or chemical reaction involving organic precursors.

Mononitration Product

A compound resulting from the introduction of one nitro group (-NO2) to an organic molecule via nitration reaction.

Organic Product

A compound or material produced through organic chemistry, typically derived from living organisms or their products.