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(7, 7) thx Montgomery owns a nuclear power plant in the town of Springeld. His power plant dumps substantial quantities of radioactive waste into the

(7, 7) thx

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Montgomery owns a nuclear power plant in the town of Springeld. His power plant dumps substantial quantities of radioactive waste into the local pond. which has given rise to a mutant guppy sh population with three eyes. The tow\" decides to have Montgomery do something about the extemality. Which method would NOT result in Montgomery accounting for the social cost of running the power plant? It would not work to 0 have the government give Montgomery a permit to allow a limited amount of pollution but no more. 0 subsidize Montgomery for every three-eyed sh found in the pond. 0 dene property rights clearly to identify Springeld as the owner of the pond with the right to compensation from Montgomery for damages from the pollution. 0 charge Montgomery $1.000 for every barrel of toxic waste his nuclear reactors produce

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