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July 23, 2014

Homework Help: economics

Posted by Kayla on Tuesday, March 13, 2007 at 1:52pm.

suppose we established a $10,000 fine for water pollution. Would some companies still find that polluting was economical? Under what conditions?

If the cost of correcting the cause of the water pollution were more than $10,000, then a company might believe it was saving money by paying the fine rather than correcting the problem.

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