Asked by Ashreet Dhiman on May 30, 2024
Verified
Environmental standards ensure that the marginal benefit of pollution is equal for all sources of pollution.
Environmental Standards
Regulations and criteria set by authorities concerning pollutants and emissions to preserve environmental quality.
Marginal Benefit
The additional satisfaction or value a consumer receives from consuming one more unit of a good or service.
Pollution
The introduction of contaminants into the natural environment, causing adverse change and harm to habitats and organisms.
- Gain an understanding of market efficiency dynamics and the role of externalities in influencing market outcomes.
- Acquire knowledge on how pollution permits operate and their preferential status over other forms of regulation.
Verified Answer
SB
steven bernardJun 05, 2024
Final Answer :
False
Explanation :
Environmental standards set limits on the amount of pollution that a source is allowed to emit, but do not necessarily ensure that the marginal benefit of pollution is equal for all sources. The goal of environmental standards is to reduce overall pollution levels and protect human health and the environment.
Learning Objectives
- Gain an understanding of market efficiency dynamics and the role of externalities in influencing market outcomes.
- Acquire knowledge on how pollution permits operate and their preferential status over other forms of regulation.