Sulfur dioxide is a pollutant byproduct of nonrenewable electricity generation, resulting in a negative externality. The socially optimal level of sulfur dioxide emitted is less than that created by the market outcome, but not zero. more than that created by the market outcome. whatever the market creates. determined by firms.
Sulfur dioxide is a pollutant byproduct of nonrenewable electricity generation, resulting in a negative externality. The socially optimal level of sulfur dioxide emitted is less than that created by the market outcome, but not zero. more than that created by the market outcome. whatever the market creates. determined by firms.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 2WNG
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Sulfur dioxide is a pollutant byproduct of nonrenewable electricity generation, resulting in a negative externality. The socially optimal level of sulfur dioxide emitted is
less than that created by the market outcome, but not zero. |
||
more than that created by the market outcome. |
||
whatever the market creates. |
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determined by firms. |
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