Refer to the information in Figure 16.5 below to answer the question(s) that follow.?Figure 16.5Figure 16.5 shows the marginal benefits of emitting pollution for the only two chemical companies in an industry, Alpha Chemicals and Beta Chemicals. Before any tax on pollution emissions is imposed, each company views pollution as being free.Refer to Figure 16.5. Before any tax on pollution is imposed, the total amount of pollution being emitted in this industry is ________ tons.

A. 50
B. 100
C. 150
D. 200


Answer: D

Economics

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Economists have found that asymmetric information is not very prevalent

a. True b. False Indicate whether the statement is true or false

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In capitalism,

a. there is no competition b. most property is privately owned c. the government sets most prices d. there is no freedom

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If a firm in an oligopoly expands its market share at prevailing prices, its competitors

A. Lose market share. B. Ignore the expansion. C. Increase their market share. D. Increase their profits.

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An example of a monopolistically competitive industry is cable television service.

Answer the following statement true (T) or false (F)

Economics