A cap-and-trade policy
A) has a set number of permits.
B) allows polluters to trade permits.
C) caps the total level of pollution allowed.
D) all of the above.
Correct Answer:
Verified
Q5: A Pigouvian subsidy
A) cannot exist with externalities.
B)
Q6: Marginal damages are hard to measure because
A)
Q9: Which of the following is correct?
A) SMC
Q10: Q11: Externalities require government intervention when Q12: Marginal benefits are downward sloping when Q12: Reducing output from the privately optimal level Q14: Marginal damages Q16: Externalities can be positive because Q18: 
A)violence will result
A) there
A) must always be considered in
A) marginal damages
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