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Unformatted text preview: • A collective good is a good that has value to a collection of people Command and Control • The government gives orders to clean up etc… CAFÉ • Corporate annual fuel efficiency standards Market mechanisms are meant to reduce cost, not pollution *How does cap and trade work, the 6 elements* Air Pollution Prevention: Benefits & Costs • Reducing air pollution has many benefits, which are widely distributed 07:04 07:04...
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- Fall '10
- common pool resource, air pollution Prevention, annual fuel efficiency