Update the graph below to illustrate the efficient level of emissions if new technologies allow polluting firms to abate emissions at a lower cost. Clearly show which curve(s) change and denote the new efficient level of emissions as E4.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Update the graph below to illustrate the efficient level of emissions if new technologies allow polluting firms to abate emissions at a lower cost. Clearly show which curve(s) change and denote the new efficient level of emissions as E4. 

EI
a
Aggregate Marginal
Abatement Cost
b
E2
с
Marginal
Damage
d
E3
Emissions
Transcribed Image Text:EI a Aggregate Marginal Abatement Cost b E2 с Marginal Damage d E3 Emissions
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