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2.000 1,800 1,600 1.400 1,200 1,000 800 600 Supply of Pollution Permits Demand for Pollution Permits 10 20 30 40 50 60 70 80
2.000 1,800 1,600 1.400 1,200 1,000 800 600 Supply of Pollution Permits Demand for Pollution Permits 10 20 30 40 50 60 70 80 90 100 QUANTITY (Units of pokon) Refer to the Figure. This graph shows the market for pollution when permits are issued to firms and traded in the marketplace. The equilibrium number of permits is 100 O2000 1000 50 400 200
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
7th Canadian Edition
007090653X, 978-0070906532, 978-0071339575
