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ken80 ken80
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A year ago
Direct regulatory pollution controls can be inefficient because, for any given amount of pollution reduction, they

▸ do not minimize the total cost of pollution abatement.

▸ are not complied with by firms.

▸ take into account differing marginal costs among firms.

▸ create new pollution as they eliminate existing pollution.

▸ cost too much to enforce.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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shanej399shanej399
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A year ago
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ken80 Author
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Brilliant
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