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Answer to Question #87772 in Microeconomics for mandeep

Question #87772
illustrate and explain two market mechanisms that are used for controlling pollution as an externality.
1
Expert's answer
2019-04-10T09:30:05-0400

There are two market-based solutions to controlling pollution:

1) fiscal measures (price-based);

2) trading in emissions quotas (rights-based).



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