The ______ approach refers to pollution control system under which the right to discharge a certain pollutant would be auctioned off to the highest bidder.

Question

Quizplus · Accepted Answer

We may be headed for a marketable rights approach to pollution control, under which the right to discharge a certain pollutant would be auctioned off to the highest bidder. This approach would promote efficiency by offering to those who have the greatest need for pollution rights the opportunity to obtain them by bidding highest for them.

The ______ Approach Refers to Pollution Control System Under Which