Examlex
In which of the following strategies is the primary motivation to maximize the joint outcome?
Emission Control Devices
Technologies or equipment installed on vehicles or industrial plants to reduce pollutants released into the atmosphere.
External Costs
Costs that are not borne by the parties involved in an economic transaction but by other individuals or society at large.
Auto Pollution
Auto pollution refers to the emissions generated by motor vehicles that contribute to air pollution.
Equilibrium Price
Equilibrium price is the price at which the quantity of a good demanded equals the quantity supplied, thus no surplus or shortage exists.
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