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Under a cap-and-trade system of pollution regulation, ____ Group of answer choices the government sets the total level of pollution and issues tradable pollution permits

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

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