An emissions standard will work best in which of the following cases?   Question 2Select one: a.   The marginal cost of pollution reduction curve is relatively flat.   b.   The marginal cost of pollution reduction curve is relatively steep.   c.   All firms have similar equipment and technology.   d.   The health effects of a pollutant are relatively unknown.   e.   Firms have very different equipment and technology.

Refer to the diagram. With MB1 and MC1, society's optimal amount of pollution abatement is Multiple Choice   Q1.   Q2.   Q3.   Q4.

Only typed answer  You are an industry analyst that specializes in an industry where the market inverse demand is P = 100 - 3Q. The external marginal cost of producing the product is MCExternal = 6Q, and the internal cost is MCInternal = 14Q.   Instruction: Round your answers to the nearest two decimal places.   a. What is the socially efficient level of output?   units     b. Given these costs and market demand, how much output would a competitive industry produce?   units     c. Given these costs and market demand, how much output would a monopolist produce?   units     d. Which of the following are actions the government could take to induce firms in this industry to produce the socially efficient level of output.   Instructions: You may select more than one answer. Click the box with a check mark for the correct answers and click twice to empty the box for the wrong answers. You must click to select or deselect each option in order to receive full credit. Pollution taxes…

Please solve them in details and use the provided answers in green to double check your answers.