Question: 3 What do we mean when we refer to the duality of cap-and-trade and pollution taxes? How do subsidies differ from the former two policies?What

3 What do we mean when we refer to the duality of cap-and-trade and pollution taxes? How do subsidies differ from the former two policies?What impact does it have on overall emissions whether permits in a cap-and-trade program are allocated based on historical emissions or auctioned

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