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Explain the uniform pollution standard

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Two pollution sources are located in the same town, immediately next to each other. For every quantity of abatement, marginal costs of abatement for the first source are higher than marginal costs of abatement for the second source. If both the tax and standard achieve the same level of total emissions, is a uniform pollution tax more efficient or less efficient than a uniform pollution standard or are you unable to tell? Why?

Reference no: EM133065040

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