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Answer to Question #71852 in Microeconomics for daniel

Question #71852
Tradable allowances are like quotas in that they both:
A.
limit the quantity bought and sold to the efficient level.
B.
maximize surplus.
C.
are efficient.
D.
All of these statements are true.
Expert's answer
Tradable allowances are like quotas in that they both limit the quantity bought and sold to the efficient level.
So, the correct answer is A.

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