Society's MB and MC of Pollution Abatement MC₁ MC₂ Multiple Choice MB₁ Q₁ Q₂ Q3 Q4 Amount of Pollution Abatement MB₂ In the diagram, the MB₁ curve shifts rightward to the MB2 curve when new technology makes pollution abatement less expensive. society decides that it wants cleaner air and water because of new information about the adverse health effects of pollution. new technology makes pollution abatement more expensive. society decides that they are no longer concerned about any adverse health effects of pollution.

Principles of Economics, 7th Edition (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter10: Externalities
Section: Chapter Questions
Problem 5PA
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In the diagram, the MB1 curve shifts rightward to the MB2 curve when

 

 

Multiple Choice
  •  
    new technology makes pollution abatement less expensive.
  •  
    society decides that it wants cleaner air and water because of new information about the adverse health effects of pollution.
  •  
    new technology makes pollution abatement more expensive.
  •  
    society decides that they are no longer concerned about any adverse health effects of pollution.
 
 
Society's MB and MC of
Pollution Abatement
0
MC₁
MC₂
Multiple Choice
MB₁
Q₁ Q2 Q3
Amount of Pollution Abatement
MB₂
In the diagram, the MB₁ curve shifts rightward to the MB2 curve when
new technology makes pollution abatement less expensive.
society decides that it wants cleaner air and water because of new information about the adverse health effects of pollution.
new technology makes pollution abatement more expensive.
society decides that they are no longer concerned about any adverse health effects of pollution.
Transcribed Image Text:Society's MB and MC of Pollution Abatement 0 MC₁ MC₂ Multiple Choice MB₁ Q₁ Q2 Q3 Amount of Pollution Abatement MB₂ In the diagram, the MB₁ curve shifts rightward to the MB2 curve when new technology makes pollution abatement less expensive. society decides that it wants cleaner air and water because of new information about the adverse health effects of pollution. new technology makes pollution abatement more expensive. society decides that they are no longer concerned about any adverse health effects of pollution.
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