Permits that allow a firm to emit a specific amount of pollution are called ____________
a. Pigouvian or pollution taxes
b. tradable pollution permits
c. pollution standards
d. technology-based regulations
e. None of the above.
Ans: b. tradable pollution permits
Economics
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Comment on the following statement: "Input and output markets should be considered separately because they operate independently of one another."
What will be an ideal response?
Economics
Both competitive firms and monopolies produce at the level where marginal cost equals marginal revenue. Then, other things remaining the same, why is price lower in a competitive market than in a monopoly?
What will be an ideal response?
Economics