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