Multiple Choice
Which of the following are true of tradeable pollution permits?
(i) they will be sold by firms that can reduce pollution at low costs
(ii) the initial allocation of pollution permits does not matter
(iii) they are similar to using Pigovian taxes
A) (i) , (ii) and (iii)
B) (iii) only
C) (ii) and (iii) only
D) (i) and (ii) only
Correct Answer:
Verified
Correct Answer:
Verified
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