Economist generally prefer tradable allowance to simple quotas in order to deal with common resources because? tradable...
Economist generally prefer tradable allowance to simple quotas in order to deal with common resources because?
tradable allowances are more efficient as they ensure that the consumers with the highest willingness to pay will purchase the good
tradable allowances are more efficient as they ensure that the producers with the lowest costs will produce the good.
tradable allowances allow for natural flexibility to market conditions in the quantity of production of the good in question.
economists don't prefer tradable allowances to simple quotas
Homework Answers
1) :- a is right option. tradable allowances are more efficient as they ensure that the consumers with the highest willingness to pay will purchase the good.
Using tradable allowances instead of quotas may be a better solution to the provision of common resources because they ensure that the resource is allocated to those with the highest willingness to pay, while quotas do not.
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Economist generally prefer tradable allowance to
simple quotas in order to deal with common resources because?
tradable...
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