The Socially Optimal Quantity of Pollution Is

question 94

Multiple Choice

The socially optimal quantity of pollution is:

• A) zero.
• B) the quantity whose marginal social cost is equal to zero.
• C) the quantity whose marginal social benefit is equal to zero.
• D) the quantity whose marginal social cost is equal to the marginal social benefit.

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Definitions:

Production Points

Places or stages in the manufacturing process where goods are created, assembled, or significantly altered.

Finished Product

The final output of the production process, ready for sale or distribution to customers.

Dollar Value

The monetary worth or price of a good, service, or financial instrument, often influenced by factors like demand, supply, and market conditions.

Inventory Value

The total cost or market price of all the goods and materials held by a company at a given time.