hich is not a valid argument favoring the use of output regulation over input regulation? a. Firms may have different ways of reducing pollution. b. Firms may know better than the government how to reduce pollution cheaply. c. It may be easier to monitor the use of technology than the level of emissions. d. Output regulations, when enforceable, can ensure that the efficient level of pollution is not exceeded.
hich is not a valid argument favoring the use of output regulation over input regulation? a. Firms may have different ways of reducing pollution. b. Firms may know better than the government how to reduce pollution cheaply. c. It may be easier to monitor the use of technology than the level of emissions. d. Output regulations, when enforceable, can ensure that the efficient level of pollution is not exceeded.
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Externalities
Section: Chapter Questions
Problem 5PA
Related questions
Question
100%
9. Which is not a valid argument favoring the use of output regulation over input regulation?
a. Firms may have different ways of reducing pollution.
b. Firms may know better than the government how to reduce pollution cheaply.
c. It may be easier to monitor the use of technology than the level of emissions.
d. Output regulations, when enforceable, can ensure that the efficient level of pollution is not
exceeded.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Microeconomics (MindTap Course List)
Economics
ISBN:
9781305971493
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax