The least costly way to clean up the environment is for all firms to reduce pollution by an equal percentage.

Question

Quizplus · Accepted Answer

The least costly way to clean up the environment is not for all firms to reduce pollution by an equal percentage because different firms have different costs for reducing pollution. It is more efficient to allow firms with lower costs of pollution reduction to make larger reductions, optimizing overall costs.

The Least Costly Way to Clean Up the Environment Is