The Marginal Benefit Received from Pollution Is Equal to Its

question 226

Multiple Choice

The marginal benefit received from pollution is equal to its marginal cost in the market for highly polished glass.In this situation:

• A)society's well-being can be improved if the quantity of pollution decreases.
• B)firms in the market produce too much pollution.
• C)firms in the market produce too little pollution.
• D)firms in the market produce the socially optimal level of pollution.

---

Definitions:

Economic Resources

Assets or inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.

Capitalism

An economic system characterized by private or corporate ownership of goods, and the means to produce them, operated for profit in a competitive market.

Working Class

A social group characterized by employment in blue-collar jobs and typically associated with lower incomes and limited access to resources.

Private Property

A legal designation for the ownership of property by non-governmental legal entities or individuals.