Under what circumstances might an equal allocation of abatement responsibility across all firms in an industry do a pretty good job of achieving a desired overall level of abatement at the lowest overall cost, without the need to resort to market-based methods such as pollution taxes or cap-and-trade?

Under what circumstances might an equal allocation of abatement responsibility across all firms in an industry do a pretty good job of achieving a desired overall level of abatement at the lowest overall cost, without the need to resort to market-based methods such as pollution taxes or cap-and-trade?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter28: Antitrust And Regulation

Section: Chapter Questions

Problem 7E

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