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There is uncertainty about the degree of harm from the acidification of lakes and rivers from unregulated sulphur dioxide (SO2) emissions. However, the cost of

There is uncertainty about the degree of harm from the acidification of lakes and rivers from unregulated sulphur dioxide (SO2) emissions. However, the cost of installing SO2 scrubbers in power plants is known with certainty. If the regulators need to choose a policy instrument to address this issue, what policy instrument will minimize social losses? Explain briefly

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