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What was Allen-Bradley's first PLC released?
Corrective Taxes
Taxes designed to internalize externalities, typically by charging for negative externalities to correct market outcomes.
Internalize
The process of incorporating the cost of externalities into the decision-making processes of relevant parties, often through regulation or market-based incentives.
Corrective Taxes
Taxes designed to correct the market outcomes that are not efficient by themselves, usually by discouraging negative externalities.
Market-Based Solution
Strategies or policies that use market forces and principles to address and solve economic and social issues.
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