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A Firm Dumps Dioxin in a River, Thereby Severely Polluting

Question 223

Multiple Choice

A firm dumps dioxin in a river, thereby severely polluting the river. The cost of the water pollution is i. zero for the firm.
Ii. an external cost.
Iii. part of the marginal social cost


A) i only
B) ii only
C) iii only
D) ii and iii
E) i, ii, and iii

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