Incentive-based regulations tend to be more efficient than command-and-control regulations.

Question

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Incentive-based regulations provide economic incentives for companies to reduce their pollution levels, while command-and-control regulations require companies to meet strict pollution standards. Incentive-based regulations tend to be more flexible, cost-effective, and encourage innovation, while command-and-control regulations can be expensive to implement and limit the flexibility of companies.

Incentive-Based Regulations Tend to Be More Efficient Than Command-And-Control Regulations