The Nobel Prizewinning economist Oliver Hart once said, If we know the marginal social cost [of pollution]
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The Nobel Prize–winning economist Oliver Hart once said, “If we know the marginal social cost [of pollution] emissions, a tax is better, but if we know the optimal quantity, cap and trade is better.” Explain why this is true.
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Oliver Harts statement reflects the economic perspective on addressing pollution A ...View the full answer
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