Technological Change That Makes It Easier to Produce in a "Cleaner

question 36

Multiple Choice

Technological change that makes it easier to produce in a "cleaner" fashion would cause

• A) the marginal cost curve of pollution abatement to shift left, increasing the degree of air quality.
• B) the marginal cost curve of pollution abatement to shift right, increasing the degree of air quality.
• C) the marginal benefit curve of pollution abatement to shift right, increasing the degree of air quality.
• D) the marginal benefit curve of pollution abatement to shift left, increasing the degree of air quality.

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Definitions:

Automobile Industry

The automobile industry encompasses a wide range of companies and organizations involved in the design, manufacturing, and marketing of motor vehicles, including cars, trucks, and motorcycles.

Cigarette Industry

Refers to the global sector involved in the manufacturing, marketing, and sale of cigarettes and related products.

Concentration Ratio

A measure used in economics to assess the degree of market concentration, reflecting the market share of the largest firms.

Oligopolization

describes the process whereby a market becomes dominated by a few large companies, reducing competition.