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Question 17 (1 point) Tradable emission permits are a(n): a) tax system for internalizing emission costs to the market. b) subsidy system for encouraging production

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Question 17 (1 point) Tradable emission permits are a(n): a) tax system for internalizing emission costs to the market. b) subsidy system for encouraging production of goods with positive externalities c) system of voluntary negotiations between polluters and damaged parties d) licenses that enable the holder to pollute up to a specified amount during a given time period that can be bought and sold by polluters. Question 19 (1 point) Figure: Model of a Competitive Market Price Quantity per period Reference: Ref 19-4 (Figure: Model of a Competitive Market) If a tax is imposed on sellers, the equilibrium price wlland the equilibrium quantity will_.. a) remain the same; decrease b) increase; decrease C) increase; increase d) remain the same; increase

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