Use the Following to Answer Question

question 158

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.If the government imposed an environmental standard that did not allow the quantity of pollution to exceed 20 tons,there would be:

• A)a socially optimal quantity of pollution.
• B)too little pollution because its marginal social benefit would exceed its marginal social cost.
• C)too much pollution because its marginal social cost would exceed its marginal social benefit.
• D)too much pollution because any pollution is too much from an economist's perspective.

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Definitions:

Open-Chain Form

A molecular structure of certain compounds not forming a ring, typically referring to the straight or branched configurations of sugars.

Chiral D-Sugars

Sugars that are mirror images of their L-form counterparts and cannot be superimposed on them.

Plane-Polarized Light

Plane-Polarized Light consists of light waves that oscillate in a single plane, often used in optical studies to analyze molecular structures.

Carbon Dioxide

A colorless, odorless gas composed of one carbon and two oxygen atoms, widely known for its role in the carbon cycle and as a greenhouse gas.