BuyFind

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
Publisher: Cengage Learning
ISBN: 9781337617383
BuyFind

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
Publisher: Cengage Learning
ISBN: 9781337617383

Solutions

Chapter
Section
Chapter 30, Problem 13QP
Textbook Problem

Economists sometimes shock noneconomists by stating that they do not favor the complete elimination of pollution. Explain the rationale for this position.

Expert Solution
To determine

Explain the reason why people do not favor the complete elimination of pollution.

Explanation of Solution

Pollution is a classic example of negative externality or external cost. Generally, people do not favor to eliminate the pollution completely. The reason is that the marginal cost of eliminating pollution is greater t...

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Chapter 30 Solutions

Economics (MindTap Course List)
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