Business
Business, 23.12.2019 22:31, 22nathanieltimms

Suppose government officials have set an emissions tax to reduce pollution. assume the optimal tax would be $1,500, but government officials have set the tax equal to $500. then, we can conclude that at equilibrium:
a. there will be too much pollution.
b. the marginal damage from pollution will be greater than $500.
c. the marginal abatement cost will be $500.
d. all of the above will occur.

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