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How is the equilibrium price of marketable pollution permits

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Reference no: EM132456273

Question 1: What are the three questions that must be answered in order to determine the consumers' willingness to pay in a mixed market of cars with both Lemons and plums.

Question 2: How is the equilibrium price of marketable pollution permits, determined? Illustrate with the help of a figure.

Reference no: EM132456273

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