Examlex
Compare and contrast the Due Process Model and the Crime Control Model of the criminal justice system.
Marginal Private Cost
The change in a firm's total costs that comes from making one additional unit, considering only private costs without externalities.
Abatement Cost
The cost associated with reducing or eliminating negative environmental impacts, such as pollution.
Transferable Permits
Transferable permits are regulatory instruments that allow the holder to emit a certain amount of pollution or use a certain amount of a resource; they can be bought and sold, creating a market for these permits.
Transferable Emissions Permit
A market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants, allowing entities to buy, sell, or trade permits.
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