Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue

تمرين 7

Explain: "Without a market for pollution rights, dumping pollutants into the air or water is costless; in the presence of the right to buy and sell pollution rights, dumping pollutants creates an opportunity cost for the polluter." What is the significance of this opportunity cost to the search for better technology to reduce pollution