In assessing Superfund, we observe
A) a market-based approach to waste site clean-up
B) the use of benefit-cost analysis to determine abatement levels
C) inefficiency due to uniform site cleanup
D) weak legal standards to identify PRPs

Question

Quizplus · Accepted Answer

Superfund's approach to site cleanup is uniform, meaning each site is treated the same regardless of the level of contamination, potential harm, or location. This can result in inefficiency, as some sites may require more or less extensive remediation efforts than others. Additionally, Superfund has been criticized for its slow and costly cleanup process. However, Superfund does not use market-based approaches or benefit-cost analysis, and it has strong legal standards for identifying potentially responsible parties (PRPs).

In Assessing Superfund, We Observe