One of the most promising strategies for efficiently addressing the market failure that leads to environmental pollution is

Question

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Tradable pollution permits create a market for pollution control where polluters are required to hold permits to pollute up to a certain limit. Polluters can sell unused permits to other companies that need to exceed their pollution limits. This incentivizes companies to use pollution control measures and reduces pollution levels in a cost-effective way. It also allows for a flexible approach that can be adjusted as pollution levels change.

One of the Most Promising Strategies for Efficiently Addressing the Market