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Firm A currently dumps 164 tons of chemicals into the local river. Firm B currently dumps 151 tons of chemicals into the local river. The
Firm A currently dumps 164 tons of chemicals into the local river. Firm B currently dumps 151 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each con of pollution dumped into the river. The government gives each firm 54 pollution permits. The abatement costs of one ton of pulltion is 5158 for Firm A and $176 for Firm B. What would be the total cost of reducing pollution, if the government does NOT allow the firm to trade the permits between each other
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