The parameters that decides the amount of cost of pollution control that should be given to the private companies, to the government or to the individuals.
Answer to Problem 18.1CTDQ
The government spends the highest cost in controlling the water pollution by investing in different project at national level, after that private companies spend approximately ten times less cost than the government and an individual can spend very less cost approximately
Explanation of Solution
In controlling the water pollution, government plays an important role. The treatments that are used to improve the quality of water are sometimes very costly, thus, the government pays the highest costs for the treatment of polluted water. For example, under the clean water act, the United States has spent more than
The private companies only controls the water pollution in their particular area due to which they spend very less cost approximately ten times less than the government.
An individual can control the water pollution at his/her own level like at home or working area. That individual can spend very less cost approximately
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