If the marginal cost of cleaning up the pond is $15/ppm and the pond currently is at 0 ppm, what is the socially efficient level of DO, assuming only these three people are involved? 5 ppm 3 ppm At that cost there is no quality that is desired

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter14: Environmental Economics
Section: Chapter Questions
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 If the marginal cost of cleaning up the pond is $15/ppm and the pond currently is at 0 ppm, what is the socially efficient level of DO, assuming only these three people are involved?

  1. 5 ppm
  2. 3 ppm
  3. At that cost there is no quality that is desired
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