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Essay Details:
Essay text:
This market based system allows firms to reduce pollution at the lowest cost possible. Unlike command economies that specify which technology the firms are allowed to use to manufacture with. However, there are problems that are accompanied with this market based system of issuing permits. And moreover these conflicts cannot be avoided so easily. This essay analyzes the exact method that governments use to issue the permits and whether or not these permits really help the economy and the environment as much as they should.
However, in order to analyze such an issue accurately, one would need to know exactly what tradable permits are and how they are used...
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