Which of the following is not a characteristic of a tradable permit system of pollution control?
A) Firms are not permitted to sell their pollution permits to other firms.
B) Firms can emit pollution above their permitted level if they are able to buy a permit from another firm.
C) It combines both regulations and market- based systems.
D) The permit allows firms to emit pollution up to a pre- determined level.
Correct Answer:
Verified
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