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Under a cap-and-trade system of pollution regulation, ____ Group of answer choices efficiency can only be achieved if the permits are auctioned off to polluters

Under a cap-and-trade system of pollution regulation, ____ Group of answer choices efficiency can only be achieved if the permits are auctioned off to polluters rather than given away. the government sets the total level of pollution and issues tradable pollution permits in that total amount. the result can never be as efficient as a pollution tax. the government sets the price for a unit of pollution and sells as many permits as it can

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