Figure 10-11
-Refer to Figure 10-11.This graph shows the market for pollution when permits are issued to firms and traded in the marketplace.In the absence of a pollution permit system,the quantity of pollution would be

Question

Figure 10-11 
-Refer to Figure 10-11.This graph shows the market for pollution when permits are issued to firms and traded in the marketplace.In the absence of a pollution permit system,the quantity of pollution would be

Quizplus · Accepted Answer

Without a pollution permit system, firms would emit 100 units of pollution (the intersection of the marginal social cost and the demand curves).

Figure 10-11 -Refer to Figure 10-11.This Graph Shows the Market for Pollution