Expected penalty for violating environmental regulations
The function of monitoring and sanctioning is a.
b.The median value of all the possible fines, as shown in
C.most efficient if the cost is lower than marginal costs
Independent of how likely you are to be caught
Technology standards are enforced
a.requires continuous monitoring
When there is advancement in monitoring, b.becomes even more expensive
C. is ineffective when used in practice
Random site visits can be used to do d.
National authorities usually establish pollution standards
Enforcement is often left up to the local authorities.
The state-level shift in environmental policy occurred when?
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