The following companies all manufacture widgets and dump tons of glop into the air. 
The government wants to halve total pollution but does not know how much it will cost each company. If the government employs a tradable permit scheme in which it gives the same number of permits to each manufacturer at no cost, the number of permits traded would be ____.
Definitions:
Risk Averse
A characteristic of individuals or entities that prefer to avoid risk, leading them to choose safer, more predictable options or investments.
Expected Value
The calculated average of all possible values for a random variable, weighted by their probabilities of occurrence.
Lottery
A form of gambling involving the drawing of numbers at random for a prize, often run by state or federal governments.
Risk Aversion
A preference for avoiding risk, where individuals or organizations opt for lower-risk options even when higher risks may offer greater potential rewards.
Q33: (Figure: Public Goods) The graph shows the
Q71: (Figure: Market for Rubber Balls) According to
Q71: Joaquim has new babies at home, so
Q77: (Figure: Theft Prevention) An individual who buys
Q80: Suppose that the market demand and supply
Q83: (Figure: Tomatoes and Carrots II) Which of
Q85: The utility function for a consumer is
Q88: (Figure: Monopsony Employment I) The monopsony will
Q89: Almonds and walnuts are substitutes. Suppose the
Q108: The supply and demand for solar panels