We discussed the Clean Air Act with respect to regulating Sulphur Dioxide emissions from coal fired...

We discussed the Clean Air Act with respect to regulating Sulphur Dioxide emissions from coal fired power plants (particulate matter etc). Use this as a case study to compare and contrast Quantity Regulation and Price Regulation.

a. Describe both Q regulation and P regulation in terms of Sulphur Dioxide

b. What are the advantages and disadvantages of Q regulation

c. What are the advantages and disadvantages of P regulation

d. How would you choose between Q regulation and P regulation. Explain why.

Expert Solution

Rahul Sunny answered 2 years ago

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