An Effluent Fee Is More Effective When Imposed on

question 198

Multiple Choice

An effluent fee is more effective when imposed on

• A) the firm or producer of the product which generates pollution.
• B) the consumer of the product.
• C) neither the producer nor the consumer of the product.
• D) the supplier of the raw material used by the firm.

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Definitions:

P(x < a)

This notation represents the probability that a random variable x is less than some value a.

Random Variable

A variable whose values depend on outcomes of a random phenomenon.

P(x < a)

This denotes the probability that the random variable X takes on a value less than a specific value a.

P(x = a)

The probability of a random variable x taking on a specific value a.