Briefly explain the advantages and limitations of the three major categories of environmental policy tools as presented by the authors of the Office of Technology Assessment (OTA) report in Table 1 (page 3).

1. Briefly explain the advantages and limitations of the three major categories of environmental policy tools as presented by the authors of the Office of Technology Assessment (OTA) report in Table 1 (page 3). 2. What is an example of an environmental problem that would be best addressed by a “market-based” policy tool?

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