Use information from 13.1.a., and assume a market of transferable permits allows USA and Brazil to trade permits to emit CO2. Brazil would be willing to but permits at any price below the price that the United States is willing to get per ton of CO2 emissions reduction. Therefore, a mutually beneficial trade will take place. Is it true or false?
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Use information from 13.1.a., and assume a market of transferable permits allows USA and Brazil to t...
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