Given this quantity of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be <u>$45</u> as this ensures the socially optimal quantity of pollution, which could have been imposed as a tax.
<h3>What are pollution rights?</h3>
Pollution rights are the rights given to firms in an economy to buy and sell government-issued licenses or permits.
Pollution rights or permits grant the holders the right to create and release a certain amount of pollution that achieves the socially optimal quantity.
Thus, given the number of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be <u>$45</u>.
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In 2003 the presidents of the African countries of Mali and Burkina Faso <span>requested that rich countries apply free trade rules to those products where poor countries have a proven competitive advantage.</span><span>
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