If It Costs Con Ed Approximately $20 Per Additional Ton

question 54

Multiple Choice

If it costs Con Ed approximately $20 per additional ton of air pollution abated, but it costs PG&E only $10 per additional ton of air pollution abated and a marketable pollution permit trades for $14 per ton,

• A)PG&E could gain by selling and Con Ed could gain by buying.
• B)PG&E could gain by buying and Con Ed could gain by selling.
• C)both PG&E and Con Ed could gain by buying.
• D)both PG&E and Con Ed could gain by selling.

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Definitions:

Periodic Tenancy Agreement

A rental agreement that continues for successive periods (e.g., month-to-month or year-to-year) until terminated by the landlord or tenant.

Tenancy At Sufferance

A situation in which a tenant fails to leave after a lease has expired and owes compensation to the landlord.

Relief Against Forfeiture

Legal recourse that allows an individual or entity to recover the loss of property or rights due to failure to meet legal obligations, under certain conditions.

Sublet

A lease executed by the lessee of land or premises to a third party for a shorter term than that which the lessee holds.