In the Market for Pollution Permits, the Demand for Permits

question 355

Multiple Choice

In the market for pollution permits, the demand for permits comes from

• A) firms that would prefer to use permits rather than incur abatement costs.
• B) the Chicago Board of Trade.
• C) firms with low abatement costs.
• D) the Environmental Protection Agency.

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Definitions:

Promoter

A region of DNA that initiates transcription of a particular gene, recognized and bound by enzymes and other proteins to start gene expression.

Genes

Units of heredity made up of DNA, acting as instructions to make molecules called proteins.

Prokaryotic Operon

A prokaryotic operon is a functioning unit of genomic DNA containing a cluster of genes under the control of a single promoter and is regulated together, typically found in bacteria.

RNA Polymerase

An enzyme responsible for copying a DNA sequence into an RNA sequence, during the process of transcription.