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Which of the following would be categorized under the product approach of regulating pollution?
Selling Price
The amount of money for which a product or service is sold to customers.
Desired Profit
The target profit a company aims to achieve, taking into account costs, pricing strategies, and market conditions.
Incremental Costs
The additional costs incurred when a business increases its level of activity or output, also known as marginal cost.
Additional Revenues
Income received that is over and above the main or expected sources of revenue for a business or an organization.
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