Why is it likely that tradable pollution permits will eliminate a given level of pollution at lower

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Why is it likely that tradable pollution permits will eliminate a given level of pollution at lower cost than a command-and-control system which mandates that each polluter eliminate the same amount of pollution?

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Microeconomics

ISBN: 9781337617406

13th Edition

Authors: Roger A Arnold

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Question Posted: Apr 05, 2024 05:00 AM

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Why is it likely that tradable pollution permits will eliminate a given level of pollution at lower

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Microeconomics

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