Problem
Once again, in the previous question, suppose that the government's policy is to allow firms to pollute provided that they purchase a permit valued at $10 per unit emitted (rather than allocating a pollution quota to each firm).
(a) How many units of pollution rights would be purchased and by the two participants in this market?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.