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Suppose there is a river on which are located several paper mills, each of which discharges...

Suppose there is a river on which are located several paper mills, each of which discharges pollutants into the water. Suppose somebody invents a new technology for treating this waste stream that, if adopted by the pulp mills, could substantially diminish emissions. What are the impacts of this invention on (a) the actual level of emissions and (b) the efficient level of emissions?

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Rahul Sunny answered 1 year ago
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