Two coal plants pollute toxic SO2 into the air, causing acid rain. Marginal bene

Question

Two coal plants pollute toxic SO2 into the air, causing acid rain. Marginal benefit of pollution for firm 1 = MBs1=50-3s Marginal benefit of pollution for firm 2 = MBs2=50-s Mathematically, and graphically, show the aggregate marginal benefit of pollution. With no restrictions, what would be the total level of pollution So? Given MEC = 2s, what is the efficient level of SO2 s* Given the MBs for each firm, derive the Marginal Abatement Cost curves I can't remember if this is a horizontal sum, or a vertical sum, nor do I know how to do either of those summations.

Explanation / Answer

In this model (the model 2 discussed in class), the

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