The EPA's TEP market allowed firms to use whatever means they found the cheapest to reduce SO2 emissions rather than dictating the technology to be used.
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Q5: If the government regulator has chosen a
Q6: If the government regulator has chosen a
Q7: Transferable emission permit schemes provide the same
Q8: The EPA's TEP program for SO2 was
Q9: Briefly explain why firms have an incentive
Q10: A polluter will buy a permit if
Q11: One solution to the hot spot problem
Q12: Suppose there are two firms in an
Q14: The EPA's TEP program for SO2 gave
Q15: A polluter will _ its emissions and
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