Which of the following provides an example of command-and-control regulation?
A) Taxing producers based on the external costs created by their pollution, thus internalizing external costs.
B) Requiring firms to reduce their pollution by 50 percent, thus allowing them to emit 50 percent of their historical emissions, and allowing them to freely buy and sell allowances.
C) Requiring firms to use a particular type of pollution-control technology, such as smokestack scrubbers or catalytic converters.
D) Subsidizing firms that exceed their pollution-control targets.
Correct Answer:
Verified
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Q19: Exhibit 14-1 Private and social cost
Q21: An example of the command-and-control approach to
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Q23: Incentive-based regulatory approaches:
A) are viewed favorably by
Q24: Exhibit 14-2 Cigarette smoking data Jack enjoys
Q25: Which of the following statements is true
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