Suppose Erie Textiles Can Dispose of Its Waste "For Free

question 3

Multiple Choice

Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river.While the firm benefits from dumping waste into the river,the waste reduces the fish and bird reproduction.This causes damage to local fishermen and bird watchers.At a cost,Erie Textiles can filter out the toxins,in which case local fishermen and bird watchers will not suffer any damage.The relevant gains (in thousands of dollars) and losses for the three parties are listed below. $$\begin{array} { l r c } & \text { With Filter } & \text { Without } \\\text { Gains to Erie } & \$ 200 & \$ 400 \\\text { Fishermen } & \$ 180 & \$ 50 \\\text { Bird Watchers } & \$ 130 & \$ 25\end{array}$$
Refer to the information given above.Local fishermen and bird watchers would be willing to compensate Erie Textiles ______ for operating with a filter.

• A)up to $310 thousand dollars
• B)no more than $235 thousand dollars
• C)no more than $75 thousand dollars
• D)nothing

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Definitions:

African Cultural Traits

Characteristics, practices, or beliefs that are found across various African societies, reflecting the continent's diversity in languages, traditions, art, and social structures.

Maroon Villages

Settlements established by escaped slaves in the Americas, particularly in the Caribbean and South America, where they lived independently.

Cultural Autonomy

The right or condition of a culture or community to organize its own life and activities independently and maintain its unique traditions and identity.

West Indies

A region of the North Atlantic Ocean in the Caribbean that consists of the island countries and other territories.