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The Existence of Positive Externalities Due to the Impossibility of Full

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The existence of positive externalities due to the impossibility of full appropriability


Definitions:

Shale

A fine-grained sedimentary rock formed from clay and mud, characterized by its ability to split into thin layers along natural fractures.

Sandstone

A sedimentary rock consisting of sand particles bonded together by natural cements such as silica or calcium carbonate.

Erosionally Resistant Cliffs

Cliffs that demonstrate a high resistance to weathering and erosion, often due to their geological composition, maintaining steep faces over time.

Vegetation Covering

The layer of plants and plant material that covers the ground in an area, including grasses, trees, shrubs, and underbrush.

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