A cap-and-trade program 31 1 Multiple Choice eBook 0 assigns a property right to the atmosphere 0 mandates that every firm individually cut its emissions to below a certain level. 0 assigns a property right to polluting the atmosphere. 0 is easy to establish and enforce.

Option 3. Assigns a property right to pollute the atmosphere

Explanation:

It makes a cap on the pollution and the permits are transferable so that it assign how much to pollutes means assigning property rights to the firms to pollute.

Everyone is not required to reduce pollution if the firm can buy permits to pollute.