In the multiple-polluter case, each firm faced with an emission charge imposed as a marginal tax (MT) abates as long as
a. its MAC
a. its MAC
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The rate-of-return regulated public utility can have incentive to price some services too high and others too low, relative to efficient prices
Indicate whether the statement is true or false
Real GDP accurately reflects both the quantity and quality of goods and services
a. True b. False Indicate whether the statement is true or false
In the United States during the period from 1870 to 1940, the price level was most likely to
A. fluctuate. B. increase. C. decrease. D. trend generally upward.
A lesson from the Brazilian experiment was that:
a. infant industry protection is almost never successful. b. there are many determinants other than market price that also factor into an industry's success—firms had supplier difficulties and were hampered by excessive regulation. c. government usually knows better than the market whether an industry has potential. d. when politicians get involved, rational decisions and good business practices are more difficult.