Direct government regulation is generally preferable to altering market incentives for correcting pollution problems.

Name: Direct government regulation is generally preferable to altering market incentives for correcting pollution problems.
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Question

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Altering market incentives, such as through taxes or tradable permits, can often be more efficient and flexible than direct government regulation, as it allows firms to find the most cost-effective way to reduce pollution.

Direct Government Regulation Is Generally Preferable to Altering Market Incentives