What is the lorenz curve


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o Explain the difference between fixed-production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with-fixed production technology? Should they do that in industries with variable technology?

o What is the Lorenz curve? What does the Lorenz curve in Exhibit 2 illustrate?

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.

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