The EPA's Efforts to Enforce the Clean Water Act for CAFOs,mountaintop

question 70

Multiple Choice

The EPA's efforts to enforce the Clean Water Act for CAFOs,mountaintop removal mining,and storm water discharges have been opposed by

• A)political interests supporting the industries affected by regulation.
• B)fishing organizations.
• C)supporters of the Endangered Species Act.
• D)the CDC on the grounds that regulation will increase water-borne diseases.

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Definitions:

Lerner Index

A measure of a firm's market power, calculated as the difference between price and marginal cost relative to price.

Perfect Competition

A market structure characterized by a large number of small firms, identical products, perfect information, and no barriers to entry or exit.

Multiplant Firm

A company that operates in more than one location, often to take advantage of different regional resources or markets.

Marginal Costs

The cost associated with producing an additional unit of output in a production process.