Top Posters
Since Sunday
6
l
6
n
5
N
5
m
5
s
4
4
4
r
4
m
4
4
s
4
New Topic  
violin13 violin13
wrote...
Posts: 342
Rep: 5 0
A week ago

Assume that air pollution from a copper smelter imposes external costs on people who live near the smelter. If the victims of the pollution could not legally enforce the right of their property not to be damaged, the amount of pollution reduction



would be significantly less than if the owners of the smelter were legally liable for damages.



would be too small; the government would have to intervene to bring about an efficient outcome.



would be less than the amount at which the marginal benefit of pollution reduction equaled the marginal cost.



would be the same as if it would be if the owners of the smelter were legally liable.

Textbook 

InMicro


Edition: 1st
Authors:
Read 46 times
2 Replies
Replies
Answer verified by a subject expert
jfinn1021jfinn1021
wrote...
Posts: 315
A week ago
Sign in or Sign up in seconds to unlock everything for free.

would be the same as if it would be if the owners of the smelter were legally liable.

1

Related Topics

wrote...
A week ago
You make an excellent tutor!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  115 People Browsing
 173 Signed Up Today
Your Opinion
What's your favorite coffee beverage?
Votes: 70

Related Images
 370
 161
 143