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Would a practice contribute to overall economic efficiency

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1. Developers frequently buy land and hold it on speculation; in effect they "bank" land. Should firms be permitted to buy and bank pollution rights in the same say? Would such a practice contribute to overall economic efficiency?

2. "If allowing firms to trade pollution rights lowers the cost of meeting pollution standards, it should also allow government to tighten standards without increasing costs." Do you agree or disagree? Why?

Reference no: EM13878393

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