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Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000.

A. On efficiency grounds, should the proposed standard be more stringent or more lenient, and why?

B. Specifically, what does the $125,000 represent?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91523451

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