question 149

question 149

Multiple Choice

• A) Less than $200.
• B) Between $200 and $280.
• C) Between $280 and $400.
• D) More than $500.

Reduction in Emissions	MC to Reduce Emissions	MC to Reduce Emissions
in tons	by Steel Plant	by Paper Plant
1	$ 400	$ 200
2	500	280
3	600	320

Table 28.1 Refer to Table 28.1.Suppose the government allows these two firms to trade pollution permits.What would be the price of a permit to emit the second ton of pollutants?

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question 149

Multiple Choice

• A) Less than $200.
• B) Between $200 and $280.
• C) Between $280 and $400.
• D) More than $500.