The Social Cost of Pollution Includes the Private Costs of the Producers

question 4

True/False

The social cost of pollution includes the private costs of the producers plus the costs to those bystanders adversely affected by the pollution.

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Definitions:

Release

To allow or enable escape from confinement; in legal terms, it can involve the relinquishing of a right or claim.

Hang-gliding

An air sport where a pilot flies a light and non-motorized foot-launchable aircraft called a hang glider.

Responsible

Having an obligation to do something, or having control over or care for someone, as part of one's job or role.

Waiver

The voluntary relinquishment or surrender of a right, claim, or privilege.