Assume That Emissions from Electric Utilities Contribute to Pollution in the Form

question 13

Multiple Choice

Assume that emissions from electric utilities contribute to pollution in the form of acid rain.Which of the following describes how this affects the market for electricity?

• A)The equilibrium in the market is not efficient; the marginal benefit from electricity is greater than the marginal social cost.
• B)A deadweight loss occurs; at equilibrium the additional social cost of production is greater than the additional benefit to consumers.
• C)The equilibrium in the market is not efficient; because of the cost of the acid rain, economic efficiency would be greater if more electricity were produced.
• D)The equilibrium in the market is not efficient; consumer surplus is equal to producer surplus.

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Definitions:

Progenitor

An ancestor or parent in a direct line of descent, often used to describe the earliest originator or precursor of a particular lineage or group.

Plasma Cell

A type of white blood cell that produces and secretes large volumes of antibodies, playing a critical role in the immune response.

Antigen Presenting Cells

Immune cells that process and present antigens to T-cells, initiating an immune response.

B Cell

A type of white blood cell that plays a significant role in the body's immune response by producing antibodies to fight off pathogens.