Suppose That There Are Two Firms, Each Generating Three Tons

question 298

Multiple Choice

Suppose that there are two firms, each generating three tons of SO 2 . Suppose also that the government has set a target abatement level of two tons. Under a policy of uniform abatement with permits each firm would receive

• A)two non-transferable pollution permits.
• B)two pollution permits which they could sell to each other.
• C)one pollution permit with a value equal to that firmʹs cost of abating one ton of SO2.
• D)one pollution permit with a value equal to the market price for a pollution permit.

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Definitions:

Personality

Consists of the emotional, attitudinal, and behavioral response patterns of an individual.

Social Relationships

Connections or interactions between individuals or groups that can influence emotions, behaviors, and attitudes, and are built through communication and shared experiences.

DSM

The Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of officially recognized psychiatric disorders, published by the American Psychiatric Association.

Pathologize

To pathologize means to view or characterize something, often a normal behavior or function, as pathological or disordered.