If the Social Marginal Benefit Curve of Reducing Pollution Is

question 46

Multiple Choice

If the social marginal benefit curve of reducing pollution is locally flat,which statement must be true?

• A) The benefit to society pollution reduction is larger than if the curve is steep.
• B) The marginal damage curve of pollution is steep.
• C) The marginal damage curve of pollution is flat.
• D) The marginal damage associated with reducing pollution is very large.

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Definitions:

Effectiveness

The degree to which something is successful in producing a desired result or outcome.

Efficiency

The ratio of useful output to total input, used as a measure of the effectiveness of a system at converting inputs into useful outputs.

Exit Strategy

A planned approach to exiting a business or investment, to secure maximum value.

Research And Analysis

A systematic investigation and study of materials, sources, etc., in order to establish facts and reach new conclusions, often used in various professional fields.