Examlex
What does a high albedo indicate with regard to a planetary object?
Negative Externality
A cost that affects a party who did not choose to incur that cost, often leading to market failures when not properly accounted for.
Sierra Club
An environmental organization that promotes the conservation of natural environments and influences public policy through advocacy and education.
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.
Socially Optimal Price
A price point at which the social cost of producing a good or service is equal to the social benefit derived from its consumption, leading to an efficient allocation of resources.
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