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. Determine the total cost of the cleanup if the government employs a tradable permit scheme in which it gives the same number of permits to each manufacturer at no cost.
Definitions:
Product Life Cycle
The series of stages a product goes through from introduction to growth, maturity, and decline in the market.
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