One reason why a tradable permit system will reduce pollution more efficiently than a command-and-control approach is that, under the permit system, we expect Every polluter to reduce pollution equally. The polluter with the lowest cost to reduce most of the pollution. The polluter with the highest cost to reduce most of the pollution. The government to dictate which polluter should reduce the most pollution.
One reason why a tradable permit system will reduce pollution more efficiently than a command-and-control approach is that, under the permit system, we expect Every polluter to reduce pollution equally. The polluter with the lowest cost to reduce most of the pollution. The polluter with the highest cost to reduce most of the pollution. The government to dictate which polluter should reduce the most pollution.
Chapter1: Making Economics Decisions
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Transcribed Image Text:One reason why a tradable permit system will reduce pollution more efficiently than
a command-and-control approach is that, under the permit system, we expect
Every polluter to reduce pollution equally.
The polluter with the lowest cost to reduce most of the pollution.
The polluter with the highest cost to reduce most of the pollution.
The government to dictate which polluter should reduce the most pollution.
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