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The government wants to reduce pollution to 90 units, so it gives each firm 30 tradable pollution permits. Because firm has the highest cost of
The government wants to reduce pollution to 90 units, so it gives each firm 30 tradable pollution permits. Because firm has the highest cost of reducing pollution by 1 unit, it would like to another firm. Because firm has the lowest cost of reducing pollution by 1 unit, it is willing to the firm with the highest cost
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
