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Explain how a system of individual transferable permits works in a fishery.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 32CTQ: Will a system of marketable permits work with thousands of films? Why or why not?

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