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Practice Problem of the Day, 10/23/2013

October 23rd, 2013 · 1 Comment
Practice Problem of the Day

This video goes through the logic of a tradable permits system for pollution reduction (as compared to a command-and-control policy) and shows how tradable permits (also known as cap and trade) can lower the cost to society of pollution reduction. The problem is taken from Principles of Microeconomics by Dirk Mateer and Lee Coppock, and is Ch. 7 problem #8.

You can find more practice problems via the Practice Problem of the Day category archive or by visiting the Econ Classroom page. You can also be notified of new practice problems by subscribing to the YouTube channel.

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1 response so far ↓

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