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How an inefficient result may arise using an msb-msc model

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a. Briefly explain the significance of prevention of significant deterioration (PSD) areas to the set- ting of air quality standards.

b. From an economic perspective, explain the paradox associated with setting higher stan- dards in PSD areas relative to nonattainment areas. Show how an inefficient result may arise using an MSB-MSC model.

Reference no: EM13914644

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