Firm a Finds It Very Expensive to Reduce Its Sulfur
Firm A finds it very expensive to reduce its sulfur dioxide emissions,while Firm B finds it very cheap to reduce its sulfur dioxide emissions.If a program of tradable pollution permits was enacted,we would most likely see
A)Both firms decrease their sulfur dioxide emissions by the same amount.
B)Both firms increase their sulfur dioxide emissions by the same amount.
C)Firm A reduce its emissions by more than Firm B.
D)Firm B sell its permit to pollute to firm A.
Tradable pollution permits,when compared to command-and-control options,tend to
A)Provide the same amount of pollution abatement at a higher cost.
B)Provide the same amount of pollution abatement at a lower cost.
C)Provide the same amount of pollution abatement at the same cost.
Which of the following is an example of bypassing the market through regulation to achieve environmental protection?
The command-and-control strategy for pollution reduction refers to
A)The use of pollution fines to change the costs of polluting.
B)A requirement specifying the level of pollution and the process to reduce pollution.
C)The use of tradable permits.
D)Gradual development of standards through close monitoring of environmental changes.