The paper industry and brewery industry each emit 60 tons of particulates into the air. It costs the paper industry $1,000 to remove 1 ton of particulates, and it costs the brewery industry $1,400 to remove 1 ton of particulates. In an effort to reduce particulate pollution, the government gives each industry tradable allowances worth 50 tons of particulates. We would expect that: Select one: a. the brewery industry will buy tradable allowances from the paper industry at a cost greater than $1,400 per allowance
b. the brewery industry will buy tradable allowances from the paper industry at a cost between $1,000 and $1,400 per allowance.
c. the paper industry will buy tradable allowances from the brewery industry at a cost between 1,000 and $1,400 per allowance.
d. the paper industry will buy tradable allowances from the brewery industry at a cost greater than $1,400 per allowance