Question: Explain: Without a market for pollution rights, dumping pollutants into the air or water is costless; in the presence of the right to buy and

Explain: “Without a market for pollution rights, dumping pollutants into the air or water is costless; in the presence of the right to buy and sell pollution rights, dumping pollutants creates an for the polluter.” What is the significance of this to the search for better technology to reduce pollution?

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