A mill in Florida emits pollution into a river as it produces wood pulp. Which of the following is true regarding regulation of the industry?
◦ The Environmental Protection Agency (EPA) can regulate the mill using command-and-control policies.
◦ The Senate regulates the mill using the Coase theorem.
◦ The United States Supreme Court regulates the industry using cap-and-trade policies.
◦ The Department of Homeland Security regulates the industry using Pigouvian taxes.
◦ The Department of Agriculture ensures clean water by using cap-and-trade policies.