In a well-functioning cap-and-trade system for pollution rights, society beneﬁts because pollution
will be brought down to insigniﬁcant levels.

Question

Quizplus · Accepted Answer

A well-functioning cap-and-trade system aims to reduce pollution to regulated levels, not necessarily to insignificant levels. The goal is to find a balance between economic activity and environmental protection.

In a Well-Functioning Cap-And-Trade System for Pollution Rights, Society Beneﬁts