Incremental costs of more expensive processes installed to reduce pollution are commonly known as:
A)monitoring costs.
B)abatement costs.
C)on-site remediation costs.
D)off-site remediation costs.
E)opportunity costs.

Question

Quizplus · Accepted Answer

Abatement costs are the incremental costs incurred by firms to adopt more expensive production processes or equipment to reduce pollution. These costs include the expenses associated with the installation and operation of pollution control equipment, as well as maintenance, monitoring, and compliance costs.

Incremental Costs of More Expensive Processes Installed to Reduce Pollution