12.2 Flashcards
(5 cards)
1
Q
What is Command-and-Control Regulation?
A
Laws that set pollution limits and sometimes specify pollution-control technologies.
2
Q
What does Command-and-Control Regulation require from firms?
A
Requires firms to install anti-pollution equipment and consider social costs.
3
Q
What is a problem with Command-and-Control Regulation regarding incentives?
A
No incentive for improvement beyond set standards.
4
Q
What is a problem with the inflexibility of Command-and-Control Regulation?
A
Applies the same standard and technology to all polluters.
5
Q
How can political compromises affect Command-and-Control Regulation?
A
Political compromises can weaken effectiveness.
