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The Three Firms Below Have Five Choices for Pollution Control

question 4

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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. 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.Comparing a 25% pollution reduction for all firms to a $1400-per-ton tax,total pollution is __________ and the private cost is__________ for the $1400-per-ton tax. A)  lower;lower B)  lower;higher C)  higher;lower D)  the same;lower E)  higher;higher
-Refer to the information above.Comparing a 25% pollution reduction for all firms to a $1400-per-ton tax,total pollution is __________ and the private cost is__________ for the $1400-per-ton tax.


Definitions:

Perfect Vacuum

A theoretical state where a space is completely devoid of matter, including air or any other gases, achieving a total absence of pressure.

Sealed Vessel

A container designed to be completely airtight, preventing the exchange of substances with its environment.

Nitrogen

Nitrogen is a colorless, odorless, tasteless gas that makes up about 78% of the Earth's atmosphere, significantly used in fertilizer production, as a refrigerant, and as a replacement for air in tires to maintain stable pressure.

Confined Liquid

A fluid that is trapped or contained within a specific space or system, often under pressure.

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