Question

This Discussion Board is based on Chapter 10: Hog farms in this state are a source of pollution to our rivers and ground water. Obviously, the polluted rivers are degraded for other purposes. Many of these farms are contract operations for corporations such as Smithfield. The author describes three ways to motivate such operators to upgrade their facilities in order to reduce pollution. In addition, there is the ultimate remedy of simply placing a moratorium on growth of this industry. Choose one of these four options: regulation,
Corrective taxes,
tradable pollution permits,
or outright prohibition regardless of opportunity costs.

Propose your approach to the problem, or counter someone else's approach.

Answer 1

Answer:

The entirety of the alternatives referenced above are utilized to control the negative externality delivered by the organizations.  

Exchange capable contamination licenses are utilized in numerous nations which makes nations subject for the contamination they create. Right now, level of contamination which is admissible is determined by the specialists and afterward contamination licenses are offered to the organizations. They need to buy the licenses in return of cash. On the off chance that a firm can contaminate the streams not exactly as far as possible, at that point these grants can be offered to different firms whose contamination level will surpass the reasonable level. In this way, it will hold the admissible level under check and control water contamination and ground water contamination.  

If there should arise an occurrence of charges, it is hard to process the peripheral harm and minor cost bends of the firm and show up at the right degree of Pigouvian charges. Guideline by forcing fines and punishments isn't the right answer for the issue. Out and out forbidance isn't possible. Consequently, contamination grants which are exchange capable can give a superior arrangement under this condition.