Congressman Murphy Made the Following Proposal: "We Should Establish Policies
Congressman Murphy made the following proposal: "We should establish policies that completely eliminate air pollution.This is the only way to ensure that none of our citizens suffers the negative effects of air pollution." If Congressman Murphy's proposal was adopted and all forms of air pollution were eliminated,which of the following would be true?
A) The total cost of pollution reductions would equal the total benefit to society.
B) Economic efficiency would be maximized
C) The total benefit to society from reductions in air pollution would be maximized.
D) The marginal cost from pollution reductions would exceed the marginal benefit.