Question
UMass MAC₂ RESEC 262 Summer 2) In the graph below are aggregate marginal abatement cost (MAC) and marginal damage (MD) functions for two regions of the country, 1 and 2. Use it to answer questions below. A¹ MAC₁ 1 I MD₁ A² A³ A4 MD₂ Problem Ambient concentration a. Indicate the efficient ambient standards in the graph
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