Pollution rights can be used to price the right to emit pollutants and to provide incentives to reduce emissions by profit-maximizing firms.
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Q1: Emissions standards allow businesses to emit waste
Q2: According to the Coase theorem, corrective taxes
Q4: The efficient amount of pollution abatement is
Q5: When a positive externality exists, benefits to
Q6: If a positive externality is associated with
Q7: Command-and-control regulation to reduce emissions is likely
Q8: At the current level of annual supply
Q9: Assuming a negative externality, the price of
Q10: When a negative externality exists, the marginal
Q11: The market for sulfur dioxide allowance trading
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