Using the efficiency criterion carefully analyze the


1. If you were responsible for setting the NAAQS for lead, what key determinants would you consider if the standard were established to meet the efficiency criterion? Be sure to itemize separately the benefits and costs associated with your decision.

2. Using the efficiency criterion, carefully analyze the problem faced by the EPA in identifying hazardous air pollutants prior to the 1990 Amendments.

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Microeconomics: Using the efficiency criterion carefully analyze the
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