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The price of permits in the SO2 emissions trading market in the US has fallen to zero. What does this indicate about the efficiency-improving role of this market?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The price of permits in the SO2 emissions trading market in the US has fallen to zero. What does this indicate about the efficiency-improving role of this market?

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