Under which of the following circumstances does the traditional command and control work better than market bases policies? OIf pollution is concentrated in specific areas creating local hot spots O In the presence of high monitoring costs Traditional methods are always more effective When the control technology is already being widely used and easily availab-

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Under which of the following circumstances does the traditional command and
control work better than market bases policies?
If pollution is concentrated in specific areas creating local hot spots
In the presence of high monitoring costs
Traditional methods are always more effective
When the control technology is already being widely used and easily available
Transcribed Image Text:Under which of the following circumstances does the traditional command and control work better than market bases policies? If pollution is concentrated in specific areas creating local hot spots In the presence of high monitoring costs Traditional methods are always more effective When the control technology is already being widely used and easily available
Market based environmental policies are
O cost effective and efficient (that is they minimize deadweight loss)
O results in equal distribution of abatement levels among the sources
O cost effective but not efficient
O efficient but not cost effective
Transcribed Image Text:Market based environmental policies are O cost effective and efficient (that is they minimize deadweight loss) O results in equal distribution of abatement levels among the sources O cost effective but not efficient O efficient but not cost effective
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