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The three firms below have five choices for pollution control: no controls or four different technologies,W,X,Y and Z.The amount of pollution emitted and the cost of the technologies are shown in the table.
-Refer to the information above.Suppose that the government requires the three firms to reduce pollution by 25% from the no-control level.Pollution reduction process __________ will be chosen and will result in a total cost of __________.
Requirement
A condition or qualification that must be met or complied with, such as a rule, standard, or specification.
Exceptions
Specific conditions or cases for which the general rule does not apply.
Firm Offers
In contract law, promises made by a seller to hold an offer open to a buyer for a certain period without requiring consideration.
Irrevocable Offers
Offers in a contractual context that cannot be withdrawn, revoked, or altered once made, often for a specific period of time.
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