Refer to the Figure Above

question 31

Multiple Choice

Refer to the Figure above. Assume that a firm is facing MAC₁ and an emissions standard of e₂. What is the firm's reduction in compliance costs in obtaining the emission standard of e₂ if the firm is successful in reducing abatement costs from MAC₁ to MAC₂?

• A) a
• B) (e+d+c)
• C) (a+b+c+d)
• D) (a+b)

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