(B)
C) Not socially optimal.
25. Redo discussion question 10, part a, from Chapter 5 in your book. Suppose emissions are limited to 25 units per year instead of 50. How does your answer change? Ans: Put 25 into demand equation. P = 7.5. 26. Externalities always work themselves out. A) True.B) False.C) Uncertain.Ans: b