Suppose a competitive market for tradable pollution permits is in equilibrium at 
,with the quantity of permits being set by government policy at 
.If technological advances reduce the marginal cost of pollution abatement,then
Definitions:
Compound
A material resulting from the chemical union of two or more elements.
Compound Name
The unique designation of a chemical substance according to rules established by the International Union of Pure and Applied Chemistry (IUPAC).
Compound
A substance formed from two or more elements chemically united in fixed proportions.
Amides
Organic compounds characterized by a carbonyl group attached to a nitrogen atom.
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