Which of the Following Observations Concerning Pollution Rights Is Incorrect

question 13

Multiple Choice

Which of the following observations concerning pollution rights is incorrect?

• A)​It would not allow firms to move into an area that is already as polluted as allowed by EPA standards.
• B)​It allows the greatest value to be generated with a given amount of pollution.
• C)​The rights are private property and can be sold.
• D)​Each polluter is motivated to discover and use the cheapest way to reduce pollution.

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Definitions:

Mechanic's Lien

A legal claim against a property by a contractor or worker, for unpaid labor or materials provided for the property's improvement.

Real Property

Land and anything permanently attached to it, such as buildings and structures, including rights associated with the land.

Improvements

Enhancements made to a piece of property or to an asset that increase its value or utility.

Substantial Performance

Contract performance that occurs when nearly all the terms of the agreement have been met, there has been an honest effort to complete all the terms, and there has been no willful departure from the terms of the agreement.