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Graph the ellipse and label the center.
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Negative Externality
A situation where a third party suffers from a transaction or activity they are not directly involved in, often leading to market failure if not corrected by government intervention.
Compensation
The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.
Licenses
Official permissions or permits to do, use, or own something.
Pollution
The introduction of harmful substances or products into the environment, causing adverse effects on living organisms and ecosystems.
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