European unions cap-and-trade program

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Reference no: EM13987056

Which of the following is TRUE of the European Union's cap-and-trade program?

Firms are forced to shut down when they exceed their pollution limits.

Firms are taxed based on the their pollution levels.

Governments subsidize firms to develop devices to reduce pollution.

Firms can trade pollution permits to meet their pollution limits.

Reference no: EM13987056

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