Answered: permit system or a taxation system

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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please answer the following question.

1. suppose you are working for protecting fish habitat in the Mississippi River. you know that there are many cities along the river that use the river to dump treated sewage water, but there are still pollutants that mimic estrogen that is put into the water in this treated sewage water and these can damage fish populations. How would you know if you should use a permit system or a taxation system to manage this problem? define how each works and then explain which you would choose.

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