Figure 10-4 
-Refer to Figure 10-4. If all external costs were internalized, then the market's equilibrium output would be
Definitions:
Wax
A diverse class of organic compounds that are malleable at slightly higher than room temperature, consisting mostly of hydrocarbons or esters of fatty acids.
Organic Compound
A chemical compound that contains carbon atoms covalently bonded to hydrogen atoms, possibly along with other elements such as oxygen, nitrogen, sulfur, and halogens.
Long-Term Energy
Refers to energy storage or potential energy resources that can be utilized over an extended period.
Unsaturated Fatty Acid
A type of fatty acid that contains one or more double bonds in its hydrocarbon tail, leading to lower melting points than saturated counterparts.
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