The Superfund Act Was Designed to Make Polluters Pay for Cleaning

question 76

True/False

The Superfund Act was designed to make polluters pay for cleaning up hazardous waste,however taxpayers are now paying for the polluters,albeit to a lesser extent.​

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Definitions:

Discount

A reduction on the usual cost of a product or service, typically to stimulate its purchase.

Deadweight Loss

Deadweight loss is a loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Marginal Cost

The increase or decrease in the total cost incurred by producing one additional unit of a product or service.

Socially Efficient

A situation in which resources are allocated in a way that maximizes the welfare of society as a whole.