Distinguish between command-and-control and incentive-based government regulations, and describe the advantages of the second approach. What is the cap-and-trade approach to implementing environmental...

Distinguish between command-and-control and incentive-based government regulations, and describe the advantages of the second approach. What is the cap-and-trade approach to implementing environmental regulations, and what are the major advantages and disadvantages of this approach? What are some environmental benefits of selling services instead of goods? Give two examples of this approach.