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Which of the following is TRUE of the European Union's cap-and-trade program? Firms are taxed based on the their pollution levels. Firms are forced to

Which of the following is TRUE of the European Union's cap-and-trade program? Firms are taxed based on the their pollution levels. Firms are forced to shut down when they exceed their pollution limits. Governments subsidize firms to develop devices to reduce pollution. Firms can trade pollution permits to meet their pollution limits

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