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A polluter will its emissions and sell its excess permits on the market if the market price of permits is its MAC at its chosen emission level

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A polluter will ________ its emissions and sell its excess permits on the market if the market price of permits is ________ its MAC at its chosen emission level.

reduce; less than

reduce; greater than

increase; less than

increase; greater than

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A polluter will ________ its emissions and sell its excess permits on the market if the market price of permits is ________ its MAC at its chosen emission level