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What is a pollution haven?
Economic Reasoning
Refers to the process of making decisions based on comparing costs and benefits.
Marginal Costs
The added expense to produce one more item; it can decrease or increase depending on production size and efficiency.
Marginal Benefits
The boost in satisfaction or usefulness derived from the consumption of an additional unit of a good or service.
Rational Individuals
People who make decisions by logically evaluating options based on their preferences and the likely outcomes to maximize their benefit or utility.
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