(Last Word) The government should choose pollution abatement for all sources of pollution where
the marginal beneﬁt exceeds the marginal cost of that action.

Question

Quizplus · Accepted Answer

This statement is consistent with the principle of economic efficiency, which states that resources should be allocated in a way that maximizes net social benefits. When the marginal benefit of pollution abatement exceeds the marginal cost, it indicates that there is a net social benefit to taking that action, and therefore the government should choose to pursue it. This approach helps ensure that resources are used effectively and efficiently to improve overall social welfare.

(Last Word) the Government Should Choose Pollution Abatement for All