Examlex
Which of the following statements is true?
Pollution
It refers to the introduction of harmful substances or products into the environment, causing adverse effects on living beings and ecosystems.
External Costs
Costs that are not reflected in the market price of goods or services, often borne by society.
Efficient
Describes a system or process that operates in a way that maximizes productivity or output with minimal waste or expense.
External Cost
A cost that is not borne by the parties involved in an economic transaction, often affecting third parties.
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