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Suppose that the CA(California)'s CTS is able to acheive any environmental target at least cost. Why might there still be an optimality issue? In other

Suppose that the CA(California)'s CTS is able to acheive any environmental

target at least cost. Why might there still be an optimality issue? In other words, even

if CA's CTS can acheive a cap at least cost, why might this system still fail to acheive

the optimal level of greenhouse gases?

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