5. Economists generally favor the use of tradable emission allowances to
reduce pollution. However, the use of these allowances has been criticized
by some environmentalists. Which of the following describes this criticism?
(A) Some environmentalists believe the allowances give firms a license to
pollute.
(B)Some environmentalists believe that the price of allowances is often too
high for consumers to afford.
(C)Some environmentalists believe that Pigouvian taxes are a more efficient
way to reduce pollution.
(D) None of the above.