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Author Question: Suppose Smith's oil refinery and Jones' paper mill both pollute a river and both firms operate under ... (Read 217 times)

Mr3Hunna

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on: Jul 21, 2019
Suppose Smith's oil refinery and Jones' paper mill both pollute a river and both firms operate under a system of marketable pollution permits. If it costs Smith $45 to reduce pollution by 500 gallons per day, and Jones can reduce costs by $65 by increasing pollution by 500 units per day:
◦ both firms can benefit if Jones trades the right to increase pollution by 500 gallons to Smith for $30.
◦ both firms can benefit if Smith trades the right to increase pollution by 500 gallons to Jones for $30.
◦ both firms can benefit if Smith trades the right to increase pollution by 500 gallons to Jones for $50.
◦ the firms cannot gain by trading the right to pollute.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by Mr3Hunna on Jul 21, 2019

mcni194

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Reply #1 on: Jul 21, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mr3Hunna

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Reply #2 on: Jul 21, 2019
Thank you!


mcni194

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Reply #3 on: Jul 21, 2019
Always glad to help...


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