Based on the analysis of the bubble policy given in this


A. Based on the analysis of the bubble policy given in this chapter, discuss why transaction costs are so important in explaining the success or failure of the EPA's bubble program.

B. How would you devise a program that minimized the transaction costs of bringing polluters together so that they could effectively equalize the level of their individual MACs?

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Business Economics: Based on the analysis of the bubble policy given in this
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