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Assuming That Pollution Cannot Be Removed from the Environment at Zero

question 131

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Assuming that pollution cannot be removed from the environment at zero cost, the optimal level of pollution


Definitions:

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a person, community, or country.

Environmental Performance Index

A quantitative measure that evaluates and ranks the environmental performance of a country's policies across a range of issues.

Individual Transferable Quotas

Regulatory tools that limit the volume of resources, such as fish, that an individual or company is authorized to catch or harvest.

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