Which of the following is true about command-and-control regulation that allows businesses to emit pollutants up to a certain point and bans emissions after that limit is reached?

Question

Quizplus · Accepted Answer

Command-and-control regulation that allows businesses to emit pollutants up to a certain point and bans emissions after that limit is reached is known as "technology standards." This approach allows firms to emit some pollutants at zero charge as long as they comply with the technology standards. It does not make firms pay the marginal cost of the damages done by their emissions, and it is not likely to minimize the cost of achieving any given reduction in emissions.

Which of the Following Is True About Command-And-Control Regulation That