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Under a cap and trade system... A. the government lets firms decide the total amount of pollution that is permissible and then holds them accountable

Under a cap and trade system...

A. the government lets firms decide the total amount of pollution that is permissible and then holds them accountable for that amount.

B. a limit on total emission's across all firms is imposed, and likely reduced over time.

C. a limit on total emission's across all firms is imposed, fines accrue to firms who pollute an amount that is more than they have "permits" to pollute.

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