If Pollution Coming from Factories Is Bad, Then Why Would

question 142

Multiple Choice

If pollution coming from factories is bad, then why would the socially optimal level of pollution not be zero?

• A) because there are significant social costs of achieving zero pollution
• B) because there are significant social benefits from attaining zero pollution
• C) because the factories are privately owned in a market system
• D) because there are zero benefits from zero pollution

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Definitions:

Problem Identification

The process of recognizing and defining an issue or challenge that requires resolution.

Satisficing

The process of seeking solutions or outcomes that are satisfactory and sufficient, rather than optimal.

Maximization

the action of making something as large or as great as possible.

Rational Decision-Making

A systematic process of making choices that are logically sound and based on the available evidence, goals, and alternatives.