If firms have legal rights to pollute, show and explain fully how and why a market for pollution right (i.e., private bargaining) could lead to a socially efficient output level.If those damaged by pollution have legal right to a clean environment, show and explain fully how and why a market for pollution right (i.e., private bargaining) could lead to a socially efficient output level.
This question was answered on: May 23, 2022
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