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Both command-and-control and market oriented solutions have been used to address the pollution problem. What are...

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Economics

Both command-and-control and market oriented solutions have beenused to address the pollution problem. What are the weaknesses ordrawbacks of each approach?

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Problems with commandandcontrol First the regulation of command and control does not provide any motivation to increase the quality of the system above the level set by a particular statute When the restriction on commandandcontrol is met polluters have zero opportunities to do better Second regulating commandandcontrol is inflexible It typically needs the same    See Answer
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