why is the efficient level of pollution not zero? Under what circumstances would the efficient level of pollution be equal to or very close to zero? explain using graph/s
Zero pollution implies all production and consumption activities must cease. This is neither desirable nor attainable since if marginal cost of pollution abatement is just equal to the marginal benefit from pollution abatement, then we have reached the point where society's welfare has been maximized with respect to environmental quality.
Efficient level of pollution equal to or very close to zero => When Marginal Damage of first unit > Marginal Abatement of first unit.
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