Acid Rain Regulatory Approach

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Acid Rain: The Optimal Approach Regulatory Approach I agree that command-and-control and market-based regulations have merit in dealing with acid rain. There are virtues and pitfalls to both regulatory approaches. The globalization of businesses has increased environmental awareness both at home and abroad. The trend for government agencies is a market based approach. Government agencies utilize market-based regulations due to increased flexibility and incentives to achieve environmental objectives (Lawrence & James, 2014).
Market Based Approach Before Title IV of the 1990 Clean Air Act, air pollution was governed through a command and control approach (Ellerman, Joskow, Schmalensee, Montero, & Bailey, 2000). Businesses competing