If it is illegal for a biochemical manufacturer to release its waste into a nearby stream,what is this an example of
A)a market-based policy
B)a command-and-control policy
C)a pollution permit
D)a transaction cost

Question

Quizplus · Accepted Answer

This is an example of a command-and-control policy where the government sets regulations and enforces them through penalties or fines. In this case, the biochemical manufacturer is not allowed to release waste into a nearby stream, and there are legal consequences for doing so. Market-based policies, such as pollution permits, involve offering incentives or disincentives for reducing pollution, while transaction costs are the costs associated with making a transaction or deal.

If It Is Illegal for a Biochemical Manufacturer to Release