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Figure 9-4
-Refer to Figure 9-4. Total surplus in this market before trade is
Equilibrium Output
The level of output at which the quantity supplied equals the quantity demanded in a market.
Pollution Abatement
Actions or measures implemented to reduce, control, or eliminate pollution from various sources.
Society's Perspective
The collective viewpoints, interests, and priorities of a community or population regarding various issues or policies.
Marginal Benefit
The extra utility or satisfaction garnered by consuming one more unit of a good or service.
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