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If a government wants to establish a marketable permit program, it must begin by determining whether or not permits will be issued free of charge.

If a government wants to establish a marketable permit program, it must begin by determining
whether or not permits will be issued free of charge.
the overall quantity of a certain pollutant that will be allowed.
the overall price to be charged for each permit.
how many permits will be issued in the overall market.

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