2. Suppose that the Marginal Abatement Cost function and the Marginal Damage function for an industry are given as follows: MAC = 80 -0.2e MD=0.3e For simplicity here, we are assuming that they are linear.

These two situations have arisen: Agricultural technologies become available that if used reduce adverse effects fromfarming on environmental quality   Water from a uranium mine is leaking into Kakadu NationalPark   For each case you are to identify possible external effects that might occur and explain the conditions that would need to exist, and what the government or the affected parties could do, to change these negative situations for the betterment of one or both parties?

If we are to take action against global warming we must reduce carbon emissions

What is the importance of the enforcement private property rights as it relates to the mitigation of market failure & supporting conservation ?