The marginal principle ________ to the determination of the efficient level of pollution abatement because ________.
A. applies; there are tradeoffs in terms of the costs and benefits of pollution abatement
B. applies; pollution abatement causes greater harm than benefits
C. does not apply; it is immoral to trade a dirtier environment for material wealth
D. does not apply; the costs and benefits of pollution abatement cannot be measured
Answer: A
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In the above figure, what quantity will a single-price monopolist produce?
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