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Full Private Costing Is the Assignment of All Environmental Costs

question 60

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Full private costing is the assignment of all environmental costs, private and societal, to products.


Definitions:

Product Formation

The process in which chemical reactants transform into products in a chemical reaction.

Reactant Particles

Particles of substances that interact in a chemical reaction, leading to the formation of products.

Reaction Time

The duration between the start of a stimulus and the initiation of a response, or the time taken for a chemical reaction to occur.

Product Formation

The creation of one or more substances (products) as the result of a chemical reaction.

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