Problem
a. Briefly explain the significance of prevention of significant deterioration (PSD) areas to the setting of air quality standards.
b. From an economic perspective, explain the paradox associated with setting higher standards in PSD areas relative to nonattainment areas. Show how an inefficient result may arise using an MSB-MSC model.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.