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Marginal Social Cost
The total cost to society of producing one additional unit of a good, including both the private cost and any external costs.
Pollution Emissions
Refers to contaminants or pollutants released into the environment, usually from human activity, that can harm human health and the ecosystem.
Efficient Level
The optimal point of production or consumption, where resources are utilized in the most effective manner, minimizing waste and maximizing benefit.
Pollution
The contamination of the natural environment by substances or energies that cause adverse effects on living organisms and ecosystems.
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