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Marginal Social Benefit
The additional benefit to society resulting from the production or consumption of one more unit of a good or service.
Pollution
The contamination of the natural environment by harmful substances or energies, often resulting from human activities.
Efficient
The condition in which resources are allocated in a way that maximizes the net benefit to society or achieves an optimal outcome where no one can be made better off without making someone else worse off.
Beneficiaries
Individuals or groups that receive benefits or advantages from something, especially from a trust, insurance policy, or will.
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