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Australia has a comparative advantage in the production of coal and other resources, therefore Australia should completely specialise in the production of these goods.
Pollution Abatement
Actions taken to reduce, control, or eliminate pollution from a given source.
Marginal Benefit
The enlarged happiness or benefit achieved from consuming an extra unit of a good or service.
Marginal Cost
The cost added by producing one additional unit of a product, emphasizing the variations in expenses as production scales.
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