The rows in Table 12.7 show three market-oriented tools for reducing pollution. The columns of the table
Question:
The rows in Table 12.7 show three market-oriented tools for reducing pollution. The columns of the table show three complaints about command-and-control regulation. Fill in the table by stating briefly how each market-oriented tool addresses each of the three concerns.
Table 12.7
Transcribed Image Text:
Pollution
Charges
Marketable
Permits
Property
Rights
Incentives to
Go Beyond
Flexibility about where and How
Pollution Will Be Reduced
Political Process Creates
Loopholes and Exceptions
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Pollution Charges Marketable Permits Property Rights Incentives to Go Beyond If y...View the full answer
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