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SECTION B (50 marks] Answer Any TWO of the following THREE Questions 1. Discuss the FOUR basic steps in benefit-cost analysis, which aspect of benefit-cost

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SECTION B (50 marks] Answer Any TWO of the following THREE Questions 1. Discuss the FOUR basic steps in benefit-cost analysis, which aspect of benefit-cost analysis would you consider to be the most controversial? Give reasons for your answer [25] 2 Discuss the case of property rights (25) 3. Critically analyse emission charges and subsidies as part of Incentive-based strategies [25)

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