What are the ways of Correcting Market Failure?

4 years ago
Microeconomics

Emissions standard – Legal limit on the amount of pollutants that a firm can emit.

Emissions fee – Charge levied on each unit of a firm’s emissions.

Tradeable emissions permits – System of marketable permits, allocated among firms, specifying the maximum level of emissions that can be generated.

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Bijay Satyal
Bijay Satyal
Dec 1, 2021
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