Business, 06.04.2021 01:20 orangeicecream

Two firms, A and B, each currently dump 232 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. The government gives each firm 52 pollution permits. The abatement costs of one ton of pulltion is $175 for Firm A and $185 for Firm B. What would be the total cost of reducing pollution, if the government does NOT allow the firm to trade the permits between each other

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Two firms, A and B, each currently dump 232 tons of chemicals into the local river. The government h...

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