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Lead Used to Be Added to Petrol to Make the Engine

question 145

Essay

Lead used to be added to petrol to make the engine operate smoothly.Lead is also an atmospheric pollutant and it has been banned as an additive.Was there an economic justification for this ban by the government?

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Definitions:

Merchandising Company

A type of business that purchases finished goods and sells them to consumers without changing their form.

Gross Margin

A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage. It represents the proportion of each dollar of revenue that the company retains as gross profit.

Local Retailer

A business that sells products directly to consumers in a specific geographical area.

Cost of Goods Sold

The costs directly associated with manufacturing the products a company sells, such as materials and labor expenses.

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