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Suppose the marginal benefit of pollution abatement is constant at $12 per unit. The marginal cost of abatement is $2 for the first unit abated and increases by $2 for each additional unit, to $4 for the second unit, $6 for the third unit, and so on. Draw the marginal-benefit and marginal cost curves and show the optimum level of pollution abatement.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M959513

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