The least costly method for reducing pollution would be to have all firms lower their levels of emissions by the same amount.

Question

Quizplus · Accepted Answer

The least costly method for reducing pollution would be to have firms with higher levels of emissions reduce their level of emissions more than firms with lower levels of emissions. This is known as a "marginal abatement cost approach" and it ensures that the same level of pollution reduction is achieved at the lowest overall cost to society.

The Least Costly Method for Reducing Pollution Would Be to Have