If the Marginal Social Benefit Received from Pollution Is Greater

question 24

Multiple Choice

If the marginal social benefit received from pollution is greater than its marginal social cost in a market:

• A)society's well-being can be improved if the quantity of pollution decreases.
• B)firms in the market produce the socially optimal level of pollution.
• C)firms in the market produce too much pollution.
• D)firms in the market produce too little pollution.

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Definitions:

Puberty

The developmental stage in humans marked by physical changes leading to sexual maturity and the ability to reproduce.

Thyroxin

Is a hormone produced by the thyroid gland that regulates metabolism, energy generation, and growth and development.

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Genetic Factors

Aspects of an organism's genetic makeup that influence its physical and behavioral traits.