Answer true or false and explain

zu pomts) Indicate whether each of the following statements is true or false, and explain your reasoning. The majority of the points are given for the explanation. (a) The incentives for adopting technology under cap and trade are more similar to those under a tax when there are fewer firms in the industry. (b) Initially allocating more IFQs to small fishers will prevent consolida- tion in a fishing market. (c) Under cap and trade regulation, a firm whose marginal cost of abate- ment at a given quantity is lower than another firm's at that quantity will always be selling licenses to pollute. (d) In the absence of transaction costs, a change in the initial allocation of property rights may make a Coasean solution to an externality impossible