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Pollution Cleanup Costs
The expenses associated with removing pollutants from the environment and restoring natural conditions.
Social Costs
The total cost to society due to an activity or industry, including both direct costs and indirect effects on the environment and human health.
Optimal Level
The most favorable or efficient point or degree of a particular process or condition.
External Costs
Costs that are not borne by the parties involved in an economic transaction but are imposed on others outside of the transaction.
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