If the Marginal Cost of Pollution Abatement Differs Across Firms

question 34

Multiple Choice

If the marginal cost of pollution abatement differs across firms, then regulations that require all polluters to reduce pollution by a fixed proportion will be:

• A)efficient.
• B)inefficient
• C)ineffective.
• D)fair to all polluters.

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Definitions:

Modern Synthesis

A comprehensive, unified explanation of evolution based on combining previous scientific theories, especially of Mendelian genetics with Darwin’s scientific theory of evolution by natural selection.

Mendelian Genetics

The study of inheritance and genetic variation, based on principles first proposed by Gregor Mendel regarding how traits are passed from parents to offspring.

Unified Explanation

A comprehensive explanation that consolidates multiple theories or observations into a single coherent framework.

Genetic Variability

The variation in genetic makeup among individuals within a population, serving as a fundamental resource for evolution and adaptation.