The main categories of market-oriented approaches to pollution control are
A) redefined property rights; pollution permits; marketable charges.
B) marketable permits; better-defined property rights; pollution charges.
C) pollution charges; extended property rights; marketable permits.
D) pollution permits; defined property rights; marketable charges.

Question

Quizplus · Accepted Answer

Market-oriented approaches to pollution control include better-defined property rights, which help in assigning responsibility for pollution; marketable permits, which allow companies to buy and sell the right to pollute, thus incentivizing reductions in emissions; and pollution charges, which impose a cost on polluting, encouraging polluters to reduce emissions.

The Main Categories of Market-Oriented Approaches to Pollution Control Are