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8. In equilibrium, the price of marketable pollution permit in a competitive permit market
(a) is constrained to the amount the government first charged for it.
(b) equals the marginal cost of abatement for all firms.
(c) equals the marginal cost of abatement for the firm with the highest cost, and exceeds the marginal cost of abatement of other firms.
(d) equals the marginal cost of abatement for the firm with the lowest cost, and is less than the marginal cost of abatement of other firms.
8. In equilibrium, the price of marketable pollution permit in a competitive permit market
(a) is constrained to the amount the government first charged for it.
(b) equals the marginal cost of abatement for all firms.
(c) equals the marginal cost of abatement for the firm with the highest cost, and exceeds the marginal cost of abatement of other firms.
(d) equals the marginal cost of abatement for the firm with the lowest cost, and is less than the marginal cost of abatement of other firms.
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Raushan RajLv8
29 Oct 2020