Class Notes (834,037)
Canada (508,290)
Economics (1,592)
ECO100Y1 (440)
all (127)
Lecture

Q10 Insufficient Permits (Hard)

1 Page
103 Views
Unlock Document

Department
Economics
Course
ECO100Y1
Professor
All Professors
Semester
Fall

Description
Insufficient Pollution Permits (Hard) Two firms, A and B, each currently dump 50 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. The government will sell 40 pollution permits for $75 each. It costs Firm A $100 for each ton of pollution that it eliminates before it reaches
More Less

Related notes for ECO100Y1

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit