Question: Cap-and-trade is a trading system designed to achieve more efficient pollution control. It can be described as: Select one: a.a program that issues tradable permits

Cap-and-trade is a trading system designed to achieve more efficient pollution control. It can be described as:

Select one:

a.a program that issues tradable permits in order to limit aggregate emissions

b.a program that regulates the rate at which pollutants are emitted

c.a program that allows new firms to pay existing firms to reduce their emissions below a standard

d.a program that sets a standard for emission that no firm can exceed

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