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The Following Companies All Manufacture Widgets and Dump Tons of Glop

Question 18

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The following companies all manufacture widgets and dump tons of glop into the air. The following companies all manufacture widgets and dump tons of glop into the air. The government wants to halve total pollution but does not know how much it will cost each company. Determine the total cost of the cleanup if the government employs a tradable permit scheme in which it gives the same amount of permits to each manufacturer at no cost. The government wants to halve total pollution but does not know how much it will cost each company. Determine the total cost of the cleanup if the government employs a tradable permit scheme in which it gives the same amount of permits to each manufacturer at no cost.

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Since the government wants to allow only...

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