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Business, 22.04.2021 02:50 itsyaboiamo

1) Two environmental policy analysts (Tom and Daniel) are engaged in a heated discussion about the effectiveness of centralized and incentive-based pollution-reduction regulations. Tom argues that polluting firms incur less cost under "Emission charges/taxes" compared to
"Standards". Tom argued further that "Standards" encourage more technological innovation in reducing pollution compared to "Emission
charges".
Is Tom's argument correct? Briefly justify or refute it using logical explanations.

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