Under a cap and trade system... A. the government lets firms decide the total amount of pollution

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Under a cap and trade system...

A. the government lets firms decide the total amount of pollution that is permissible and then holds them accountable for that amount.

B. a limit on total emission's across all firms is imposed, and likely reduced over time.

C. a limit on total emission's across all firms is imposed, fines accrue to firms who pollute an amount that is more than they have "permits" to pollute.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 07, 2024 06:19 AM

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Under a cap and trade system... A. the government lets firms decide the total amount of pollution

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Microeconomics An Intuitive Approach with Calculus

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