The concept of the "best" level of pollution suggests that
A) economists can't integrate externalities into supply and demand models.
B) the "public interest" prefers less pollution to more.
C) opportunity costs of reducing pollution may sometimes exceed the benefits.
D) markets efficiently reduce pollution to efficient levels.

Question

Quizplus · Accepted Answer

The "best" level of pollution considers the trade-offs between the costs and benefits of pollution reduction. Sometimes, the costs of reducing pollution further may outweigh the benefits, indicating that a certain level of pollution might be economically optimal.

The Concept of the "Best" Level of Pollution Suggests That