The organized exchange of licenses that enable the holder to pollute up to a specified amount during a given time period is most closely associated with:

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The organized exchange of licenses that enable the holder to pollute up to a specified amount during a given time period is known as a marketable pollution permit or cap-and-trade system. This approach allows for the creation of a market for pollution rights, which can incentivize companies to reduce pollution and provide economic benefits for those who are able to do so at a lower cost. Emissions taxes and regulations are other approaches to addressing pollution, while command and control refers to more prescriptive regulatory approaches that dictate specific actions that must be taken to reduce pollution.

The Organized Exchange of Licenses That Enable the Holder to Pollute