The Efficient Amount of Pollution in Society

question 53

Multiple Choice

The efficient amount of pollution in society:

• A)is zero.
• B)occurs when the detriment to society from every unit of pollution emitted is taken into account appropriately and remedies are created such that the supply curve for each industry is fully reflective of all marginal social costs.
• C)is impossible to calculate and therefore it is probably better to set maximum limits for pollution output for each firm in industries that pollute in proportion to their profits.
• D)is achieved without the government setting any emissions standards because the market equilibrium will coincide with the social optimum in the absence of intervention.

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Definitions:

Battery

In legal terms, the act of causing physical harm to another person without their consent.

Bacterial Infection

A harmful colonization of the body by bacteria that can lead to disease conditions.

Frequency

The rate at which a repeating event occurs, often measured in cycles per unit of time.

Future Events

Occurrences that have not yet happened but are expected or likely to occur.