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Unformatted text preview: Firm A Firm B Firm C 0-200 $100 $100 $50 200-400 $100 $150 $100 400-600 $100 $200 $150 600-800 $150 $250 $300 800-1000 $150 $300 $500 Under the efficient plan, how much pollution reduction should each firm undertake? A. A(600), B(200), C(400) ** B. A(400), B(400), C(400) C. A(800), B(200), C(200) D. A(600), B(200), C(200) 3. According to Benjamin, the U. S. … A. Is running out of landfill capacity. B. Is in danger of poisoning itself from contaminants that leak out of landfills including those of modern design. C. Has a rubbish problem because U.S. manufactures use too much packaging. D. Would engage in recycling even if it was not mandatory. ** 4. According to Benjamin … A. Recycling must be mandatory to be effective. B. Mandatory recycling has higher marginal social costs than marginal social benefits. ** C. Mandatory recycling does a good job of protecting the environment. D. Recycling is a luxury that the U.S. only undertook at the start of the 20th century....
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This note was uploaded on 07/28/2008 for the course ECON 101 taught by Professor Balaban during the Spring '07 term at UNC.
- Spring '07