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?
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?
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 2.2CE
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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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