An advantage that corrective taxes and tradable emissions permits have over compliance standards is that the former
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An advantage that corrective taxes and tradable emissions permits have over compliance standards is that the former
a. works well even if pollution output cannot be accurately measured.
b. results in equal levels of pollution abatement across all firms.
c. makes it in the interest of firms to reduce pollution in the most efficient manner possible.
d. reduces pollution to zero.
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