(Table: Coal Mine Pollution) the Table Coal Mine Pollution Shows

question 213

Multiple Choice

(Table: Coal Mine Pollution) The table Coal Mine Pollution shows the marginal social benefit and the marginal social cost of various amounts of pollution from a coal mine.If 2 tons of pollution is produced, the outcome is ________ because _.

• A)efficient; MSB = MSC
• B)efficient; MSB > MSC
• C)inefficient; MSB > MSC
• D)inefficient; MSB < MSC

---

Definitions:

Denialism

The choice to deny reality as a way to avoid a psychologically uncomfortable truth.

Cognitive Inertia

The tendency of individuals to rely on familiar assumptions and exhibit a reluctance to revise their thinking.

Significant Level

In statistical hypothesis testing, the threshold of probability at which the null hypothesis is rejected, commonly set at 0.05 or 5% risk of concluding a false positive.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.