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pixiedust7891 pixiedust7891
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A year ago
What is demonstrated by the downward slope of a marginal benefit curve for pollution abatement?

▸ Society views additional increments of pollution abatement as unnecessary.

▸ It is impossible to know the benefits from additional increments of pollution abatement.

▸ There are decreasing incremental benefits to be realized from additional increments of pollution abatement.

▸ The costs of pollution decrease as further amounts are abated.

▸ The marginal cost of pollution reduction will always exceed the marginal benefit.
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Microeconomics

Microeconomics


Edition: 17th
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hadu582hadu582
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A year ago
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