The Use of Pollution Permits by the Government to Reduce

question 76

Multiple Choice

The use of pollution permits by the government to reduce pollution is

• A)theoretically interesting,but untried in the United States.
• B)unworkable.
• C)common in several parts of the United States.
• D)common in the third world.

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Definitions:

Bidders

Individuals or entities that offer a price for goods, services, or assets in an auction or tender process, competing to make the purchase.

Bid-rigging

An illicit agreement between parties to fix the outcome of a bidding process to benefit at least one of the participants.

Cartels

Associations of independent businesses formed to regulate production, pricing, and marketing of goods to restrict competition.

Auctions

Auction systems in which products or services are offered to the person who presents the highest offer.