Refer to the Following Information to Answer the Following Questions

question 32

Multiple Choice

Refer to the following information to answer the following questions.
Two firms both emit a pollutant,and the government wants to reduce emissions of this pollutant.Each firm can choose to emit up to six units.As firms reduce emissions,there is a marginal cost per unit.This data is presented in the accompanying table.

-The government allocates three allowances to each firm,where each allowance allows one unit to be emitted.The optimal outcome in this case is for ________ to sell one permit to the other firm,and a price that will be agreeable to both is ________.

• A) Firm 1; $10
• B) Firm 1; $90
• C) Firm 1; $50
• D) Firm 2; $100
• E) Firm 2; $40

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Definitions:

Phylogeny

The complete evolutionary history of a group of organisms.

Evolutionary History

Describes the processes and pathways through which species have changed and diversified over time from common ancestors.

Common Ancestor

The most recent individual from which any two or more species are descended.

Fungi

Fungi are a kingdom of usually multicellular, eukaryotic organisms that are heterotrophic, obtaining their food by absorbing nutrients from their surroundings.