Direct Pollution Controls Can Be Inefficient Because,for Any Given Amount

question 91

Multiple Choice

Direct pollution controls can be inefficient because,for any given amount of pollution reduction,they

• A)create new pollution as they eliminate existing pollution.
• B)take into account differing marginal costs among firms.
• C)do not minimize the total cost of pollution abatement.
• D)cost too much to enforce.
• E)are not complied with by firms.

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Definitions:

Tying Contracts

Agreements where the seller conditions the sale of one product on the purchase of another product.

Price Discrimination

The strategy of selling the same product at different prices to different segments of consumers.

Sherman Act

A landmark federal statute passed in the United States to outlaw monopolistic business practices.

Monopolies Illegal

A legal stance or policy where monopolies are prohibited due to their potential to limit competition, raise prices, and reduce choices for consumers.