Reduce the total industry emissions

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There are 4 ?ways of finding out how much people are WTP for improvements in environmental quality. One of them is "Preventative or mitigation expenditure" ?method. If we consider a water pollution, how would you use this method to measure the benefits from the water quality improvement.

Question 2

Suppose there are two industries with MAC functions as follows:

MACA = 1200-3EA and MACB=800-2EB

And suppose the local government wished to reduce the total industry emissions by 25% ?by implementing a uniform standard. What is the level of emissions and TAC at each source under the uniform standard?

Reference no: EM133711318

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