Under a system of tradable emissions permits,

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    the government issues permit to pollute to firms that limit total emissions to an acceptable level, and firms can buy or sell permits in an emissions permit marketplace in order to be able to emit more or less pollution.
     the government issues permits to firms that limit total emissions to an acceptable level, and each firm must have permits in order to operate and generate emissions.
     the government issues permits to pollute to firms that limit total emissions to an acceptable level, and firms can buy or sell permits in an emissions permit marketplace in order to be able to emit more or less pollution.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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All of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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