ols < CENGAGE MINDTAP Homework (Ch 10) 82947&id=14556099918 Because firm Y has high pollution-reduction costs, it thinks it might be better off buying a permit from firm Z and a permit from firm X so that it doesn't have to reduce its own pollution emissions. At which of the following prices are both firm Z and firm X willing to sell one of their permits to firm Y? Check all that apply. $124 $166 $200 $364 $475 Suppose the the government has set the trading price of a permit at $147 per permit. Q Sear Complete the following table with the action each firm will take at this permit price, the amount of pollution each firm will eliminate, and the amount it costs each firm to reduce pollution to the necessary level. If a firm is willing to buy two permits, assume that it buys one permit from each of the other firms. (Hint: Do not include the prices paid for permits in the cost of reducing pollution.) Initial Pollution Permit Allocation (Units of pollution) Firm Firm X Action 2 Sell one permit Firm Y 2 Buy one permit Firm Z 2 Sell one permit Final Amount of Pollution Eliminated (Units of pollution) 2 Cost of Pollution Reduction (Dollars)