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When Producers Are Hard to Monitor and Marginal Costs Differ

Question 209

Multiple Choice

When producers are hard to monitor and marginal costs differ across producers, ________ are an effective method to achieve efficient use of a ________.


A) individual transferable quotas; public good
B) marginal private benefits; public good
C) individual transferable quotas; common resource
D) individual transferable quotas; excludable good

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