The government auctions off 500 units of pollution rights. They sell for $50 per unit, raising total
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The government auctions off 500 units of pollution rights. They sell for $50 per unit, raising total revenue of $25 000. This policy is equivalent to a corrective tax of per unit of pollution.
a $10 b $50 c $450 d $500
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Related Book For
Principles Of Microeconomics [Australia And New Zealand Edition]
ISBN: 9781337408066
6th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw
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