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1.3.2 Externalities

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Question 12

In 2026, California's cap-and-trade program is scheduled to further restrict the supply of carbon emissions permits allocated to industrial firms.

Explain one likely effect of this reduction in the supply of emissions permits.

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1.3.2 Externalities Questions

  1. A Level
  2. /Economics
  3. /1.3.2 Externalities