Consider ve different production choices 1. Q1 = 15,622 = 10 2. Q1 = 10,622 = 15 3. Q1 = 15,622 = 20 4. Q1 = 20,622 = 15 5. Q1 = 20,622 = 20 For each of the ve production choices above answer the following 1. How many permits will Firm 2 sell to Firm 1? 2. What will be the permit price? 3. How much will each rm choose to abate? 4. What will be the prot of each rm? 5 Summary Fill in the following table. What quantities will the two rms choose under cap Why does a capandtrade policy result in more total output, more total abate