When marginal damages for a pollutant vary by region, time of day, or season, a(n) ________ will not be socially efficient but ________ that set the MAC curve equal to each MD curve are socially efficient.
A) uniform standard; individual standards
B) ambient standard; uniform standards
C) individual standard; uniform standards
D) technology-based standard; uniform standards

Question

Quizplus · Accepted Answer

Uniform standards apply the same regulations across all regions, times, and seasons, which can be inefficient when marginal damages (MD) vary. Individual standards, tailored to match the marginal abatement cost (MAC) curve to each specific MD curve, can address these variations and achieve social efficiency.

When Marginal Damages for a Pollutant Vary by Region, Time