How is the total quantity of tradable permits determined


Problem

Explain why tradable permits for the right to dump garbage into a river would be more efficient than telling producers how much they are allowed to dump in the river. How is the total quantity of tradable permits determined?

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.

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Microeconomics: How is the total quantity of tradable permits determined
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