An Individual Transferable Quota Is a Production Limit That

Multiple Choice

An individual transferable quota is a production limit that

A) has a price equal to marginal cost.
B) is assigned to every producer in the industry at a predetermined price.
C) is assigned to an individual who must transfer the quota to anyone the government assigns.
D) is assigned to an individual who is free to transfer the quota to someone else.
E) has a price equal to marginal benefit.