Answer to Question #59622 in Microeconomics for ali
Question #59622
Transferable Pollution Credits. Each firm gets two transferable pollution credits. What are the clean-up costs?
A: 1 10 18 20 22
B: 2 3 5 7 9
C: 4 6 8 28 30
A: 1 10 18 20 22
B: 2 3 5 7 9
C: 4 6 8 28 30
Expert's answer
If each firm gets two transferable pollution credits, then firm A will buy 1 credit from both firms B and C, because its clean-up costs are higher than the same costs of firms B and C.
Need a fast expert's response?
Submit orderand get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!
Comments
Leave a comment