Explain how marginal control costs are equalised across, Business Economics

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Explain how marginal control costs are equalised across

a) Explain how marginal control costs are equalised across firms under a transferable pollution permit system (also known as an emissions trading scheme) using a diagram to illustrate your answer.

b) What advantage does the equalisation of marginal control costs give this system over command and control methods of controlling pollution?

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Business Economics: Explain how marginal control costs are equalised across

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Business Economics: Explain how marginal control costs are equalised across

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