When considering the socially optimal amount of pollution, the benevolent social planner takes into account any laws regarding pollution.

Name: When considering the socially optimal amount of pollution, the benevolent social planner takes into account any laws regarding pollution.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

The socially optimal amount of pollution is determined by balancing the marginal social cost of pollution against the marginal benefit of the activities causing pollution, not by considering existing laws.

When Considering the Socially Optimal Amount of Pollution, the Benevolent