One reason why a tradable permit system will reduce pollution more efficiently than a command-and-control approach is that, under the permit system, we expect:  A. Every polluter to reduce pollution equally. B. The polluter with the lowest cost to reduce most of the pollution. C. The polluter with the highest cost to reduce most of the pollution. D.The government to dictate which polluter should reduce the most pollution.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
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Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information
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One reason why a tradable permit system will reduce pollution more efficiently than a command-and-control approach is that, under the permit system, we expect: 

A. Every polluter to reduce pollution equally.

B. The polluter with the lowest cost to reduce most of the pollution.

C. The polluter with the highest cost to reduce most of the pollution.

D.The government to dictate which polluter should reduce the most pollution.

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