Which is not a valid argument favoring the use of output regulation over input regulation? a. Firms may have different ways of reducing pollution. b. Firms may know better than the government how to reduce pollution cheaply. c. It may be easier to monitor the use of technology than the level of emissions. d. Output regulations, when enforceable, can ensure that the efficient level of pollution is not exceeded
Which is not a valid argument favoring the use of output regulation over input regulation? a. Firms may have different ways of reducing pollution. b. Firms may know better than the government how to reduce pollution cheaply. c. It may be easier to monitor the use of technology than the level of emissions. d. Output regulations, when enforceable, can ensure that the efficient level of pollution is not exceeded
Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
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9. Which is not a valid argument favoring the use of output regulation over input regulation?
a. Firms may have different ways of reducing pollution.
b. Firms may know better than the government how to reduce pollution cheaply.
c. It may be easier to monitor the use of technology than the level of emissions.
d. Output regulations, when enforceable, can ensure that the efficient level of pollution is not
exceeded.
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