Which of the Following Statements Concerning Pollution Is Correct

question 158

Multiple Choice

Which of the following statements concerning pollution is correct?

• A) Economic efficiency requires that pollution be completely eliminated.
• B) Economic efficiency dictates that the optimal amount of pollution arises at the point at which price equals private marginal cost.
• C) Pollution should be reduced to the point at which the marginal benefit from further reduction equals the marginal cost of further reduction.
• D) Pollution should be reduced to the extent necessary to return production to the production possibilities frontier.

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Definitions:

Milligrams

A reiterated definition: A metric unit of weight that equals to 0.001 grams, frequently used in pharmaceutical measurements.

Milligram

A unit of mass equal to one thousandth of a gram, often used in medicine to specify drug dosages.

Grain

A unit of measure traditionally used in pharmacology and jewelry, equal to approximately 0.065 grams.