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m Consider the emissions of an atmospheric pollutant, benzene. The graph below illustrate: the market for benzene. Market fer Benzene s 's'i Marglnd Goat afhmmm [shun] Flt-ml :E 0 2 1 3113121415153} Mllllons of tons of Benzene a. How much will the rms pollute before any policy intervention? b. If the government implemented a cap and trade system1 distributing a total of 12 million permits, with 6 million to each rm, who would sell and who would buy permits? Explain in words and graphically. e. How much would the seller be willing to accept, and how much will the buyer be willing to pay