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.

---

Definitions:

Role Expectations

The anticipated behaviors and actions associated with a particular position or status within a group or society.

Proactive

Taking initiative by acting in advance of future situations or problems, rather than just reacting to them as they occur.

Building Trust

The process of establishing confidence and reliability in relationships through consistent actions and honesty.

One-Way Process

A type of communication or operation that moves in a single direction, without receiving feedback or interaction from the receiving end.