What is the main disadvantage of a pollution standard? O It is not a cost effective policy. O It does not produce a definite result. Enforcement costs are high. O There is little political support for standards. O Firms can easily exceed the standards without penalty.

What is the main disadvantage of a pollution standard? O It is not a cost effective policy. O It does not produce a definite result. Enforcement costs are high. O There is little political support for standards. O Firms can easily exceed the standards without penalty.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 5PA

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