The diagram below shows the marginal cost of abatement for each of two firms, A and B. Each firm is initially abating Q0 units of pollution.
FIGURE 17-8
Refer to Figure 17-8. Suppose a system of tradable pollution permits is introduced into this market and the equilibrium permit price is p*. We can expect that
◦ Firm B will buy permits from Firm A, pollute less, and increase its costs by the areas 2 + 3; Firm A will sell permits to Firm B, pollute more, and reduce its earnings by areas 4 + 5.
◦ Firm B will sell permits to Firm A, pollute more, and reduce its costs by the area 1; Firm A will buy permits from Firm B, pollute less, and increase its earnings by area 4.
◦ Firm B will sell permits to Firm A, pollute less, and reduce its costs by the area 1; Firm A will buy permits from Firm B, pollute more, and increase its costs by the area 4.
◦ Firm B will buy permits from Firm A, pollute more, and reduce its costs by the area 1; Firm A will sell permits to Firm B, pollute less, and increase its earnings by area 5.
A plot of trophic diversity across the major groups of organisms shows highest trophic diversity amo
Blank cell diagram
This red-bellied lemur shows clearly the traits that characterize strepsirhine primates.
anatomy diagram
Anatomy diagram
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...