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Jasmine Gurung
on Oct 26, 2024

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If at the current amount of pollution its marginal social benefit is greater than its marginal social cost,then there is too little pollution.

Marginal Social Benefit

The supplementary advantage to society from the production or utilization of an additional unit of a product or service.

Pollution

The introduction of harmful substances or products into the environment, causing adverse effects on living beings and ecosystems.

Marginal Social Cost

The additional cost to society as a whole of producing one extra unit of a good or service.

  • Familiarize yourself with the economic justifications for reaching desired levels of environmental pollution and addressing external factors through market-based approaches.
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Isabella BanksOct 28, 2024
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