Examlex
A coin is tossed 758 times and comes up heads 409 times. Use the Empirical Method to approximate the probability that the coin comes up heads.
Smokestack Scrubbers
Pollution control devices installed in smokestacks to remove or neutralize harmful substances from exhaust gases.
Socially Optimal
A situation or outcome that is most beneficial for society as a whole, often considered in the context of economic efficiency.
Harmful Chemicals
Substances that have the potential to cause damage to living organisms or the environment through exposure, inhalation, ingestion, or skin absorption.
Technology Spillovers
The positive externality that occurs when technological advancements or innovations benefit firms or sectors beyond the inventor or innovator.
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