Suppose an environmental impact study shows that the coral reef near Port Douglas, Australia, can sustain 20

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Suppose an environmental impact study shows that the coral reef near Port Douglas, Australia, can sustain 20 scuba diving tours per week. Explain why a quota might have an advantage over a tax in this situation.

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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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Question Posted: Oct 03, 2018 01:44 PM

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Suppose an environmental impact study shows that the coral reef near Port Douglas, Australia, can sustain 20

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The benefit of using a quota is that because the critical amount of tours that the reef can sustai...View the full answer

Microeconomics

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