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Suppose the marginal cost of abatement is MC(X) = 3X. Suppose further that xmax = 50 and the government issues 20 permits. What is the equilibrium permit price? 20 30 60 90

Suppose the marginal cost of abatement is MC(X) = 3X. Suppose further that xmax = 50 and the government issues

20 permits. What is the equilibrium permit price?

20

30

60

90

 
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