represents tne right to discharge one tonne of pollutants. Malac 10 tonnes of pollutants per year and has decided to sell the permits using a Dutch auction. Th high price, which is reduced in steps until the price reaches a level that will result in all 10 tonr e same price. The results of the bidding are shown in table below. that th Bidder Bidder Bidder Bidder B D 1 1 2 2 2 3. 4 3. 2 4. 4 4. 3 4 5 4 6. 5 6 7 e of pollution permits as a result of this auction? E happened to be an environmental protection group. If this group had not participated in the tion permits have been, and what difference would there have been in the amount of pollutar
represents tne right to discharge one tonne of pollutants. Malac 10 tonnes of pollutants per year and has decided to sell the permits using a Dutch auction. Th high price, which is reduced in steps until the price reaches a level that will result in all 10 tonr e same price. The results of the bidding are shown in table below. that th Bidder Bidder Bidder Bidder B D 1 1 2 2 2 3. 4 3. 2 4. 4 4. 3 4 5 4 6. 5 6 7 e of pollution permits as a result of this auction? E happened to be an environmental protection group. If this group had not participated in the tion permits have been, and what difference would there have been in the amount of pollutar
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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