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

question 47

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.At the efficient quantity of pollution:

• A)the marginal social cost of pollution is greater than the marginal social benefit of pollution.
• B)the marginal social cost of pollution is equal to the marginal social benefit of pollution.
• C)the marginal social cost of pollution is less than the marginal social benefit of pollution.
• D)the marginal social cost of pollution and the marginal social benefit of pollution are unrelated.

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Definitions:

Shareholder

An individual or institution that owns one or more shares of stock in a public or private corporation, giving them a right to a portion of the company's profits and a degree of control over its governance.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, borrowing money, suing or being sued.

Demand

A strong request for something to be given or done, often under the threat of consequences for non-compliance.

Board Of Directors

A group of individuals elected to represent shareholders and make decisions on major company issues.