Pollution Arises Because:​

question 122

Multiple Choice

Pollution arises because:​

• A)the atmosphere is a nonrenewable resource.
• B)the atmosphere is a renewable resource.
• C)private property rights can be enforced on the atmosphere.
• D)the atmosphere is an open-access resource.
• E)the atmosphere is a private property.

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Definitions:

Economies of Scale

The cost advantages that a business can exploit by expanding their scale of production, leading to a lower cost per unit.

Diseconomies of Scale

Increased costs per unit that occur when a company grows too large, leading to inefficiencies.

Long-Run Average Cost Curve

A graphical representation showing the minimum cost per unit at which a firm can produce any given level of output in the long run when all inputs are variable.

Diseconomies of Scale

The phenomenon where, as a firm becomes too large, its costs per unit increase due to inefficiencies, leading to a decrease in overall productivity or cost-effectiveness.