Suppose two firms have different marginal costs of emission control. Would a governmental policy that allotted marketable pollution permits be more cost effective than a governmental policy that required all firms to reduce emissions by the same amount?

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The Answer of Suppose two firms have different marginal costs of emission control. Would a governmental policy that allotted marketable pollution permits be more cost effective than a governmental policy that required all firms to reduce emissions by the same amount?

Suppose Two Firms Have Different Marginal Costs of Emission Control